GAMMA Investing LLC Has $205,000 Stock Position in HSBC Holdings plc (NYSE:HSBC)

GAMMA Investing LLC raised its holdings in HSBC Holdings plc (NYSE:HSBC) by 36.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,715 shares of the financial services provider’s stock after buying an additional 1,247 shares during the quarter. GAMMA Investing LLC’s holdings in HSBC were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HSBC. Richardson Financial Services Inc. bought a new stake in HSBC in the fourth quarter valued at about $27,000. Rise Advisors LLC bought a new stake in shares of HSBC in the 1st quarter valued at approximately $34,000. Addison Advisors LLC raised its holdings in shares of HSBC by 74.8% in the 4th quarter. Addison Advisors LLC now owns 895 shares of the financial services provider’s stock worth $36,000 after buying an additional 383 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of HSBC by 38.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 940 shares of the financial services provider’s stock worth $38,000 after buying an additional 263 shares during the period. Finally, RFP Financial Group LLC boosted its stake in HSBC by 126.1% in the 1st quarter. RFP Financial Group LLC now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Price Performance

Shares of HSBC stock traded up $0.23 during midday trading on Tuesday, reaching $40.65. The company had a trading volume of 1,475,264 shares, compared to its average volume of 1,898,288. The company has a market capitalization of $152.47 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $43.58 and a 200 day simple moving average of $41.61. HSBC Holdings plc has a 1-year low of $35.30 and a 1-year high of $45.53.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, August 16th. HSBC’s dividend payout ratio (DPR) is presently 34.14%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $825.00.

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.