GAMMA Investing LLC Raises Stock Holdings in HSBC Holdings plc (NYSE:HSBC)

GAMMA Investing LLC lifted its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 7,061.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 559,311 shares of the financial services provider's stock after acquiring an additional 551,501 shares during the period. GAMMA Investing LLC's holdings in HSBC were worth $321,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northern Trust Corp raised its holdings in HSBC by 52.0% in the 4th quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock valued at $137,563,000 after buying an additional 951,050 shares during the period. FMR LLC raised its holdings in HSBC by 18.1% in the 4th quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock valued at $142,605,000 after buying an additional 441,033 shares during the period. Raymond James Financial Inc. purchased a new stake in HSBC in the 4th quarter valued at about $17,815,000. Contrarian Capital Management L.L.C. purchased a new stake in HSBC in the 4th quarter valued at about $11,914,000. Finally, Bank of New York Mellon Corp raised its holdings in HSBC by 135.6% in the 4th quarter. Bank of New York Mellon Corp now owns 347,565 shares of the financial services provider's stock valued at $17,191,000 after buying an additional 200,054 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 1.2%

Shares of HSBC traded up $0.73 during midday trading on Monday, hitting $60.01. The company had a trading volume of 1,211,729 shares, compared to its average volume of 1,729,977. The company's 50-day simple moving average is $55.47 and its 200-day simple moving average is $53.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. The firm has a market capitalization of $212.11 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.05 and a beta of 0.53. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88.

HSBC (NYSE:HSBC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.35. The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $16.60 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. As a group, sell-side analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 12th will be paid a $0.495 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 9th. HSBC's dividend payout ratio is currently 36.33%.

Analyst Ratings Changes

Several equities analysts have weighed in on HSBC shares. Wall Street Zen raised HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. UBS Group reaffirmed a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.