Raymond James Financial Inc. Invests $17.82 Million in HSBC Holdings plc (NYSE:HSBC)

Raymond James Financial Inc. acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 360,192 shares of the financial services provider’s stock, valued at approximately $17,815,000.

Several other institutional investors also recently modified their holdings of the company. M&T Bank Corp increased its stake in shares of HSBC by 0.6% during the 4th quarter. M&T Bank Corp now owns 115,454 shares of the financial services provider’s stock worth $5,710,000 after purchasing an additional 678 shares during the last quarter. Atria Investments Inc bought a new stake in shares of HSBC during the 4th quarter worth about $291,000. Assetmark Inc. boosted its holdings in shares of HSBC by 543.2% during the 4th quarter. Assetmark Inc. now owns 3,827 shares of the financial services provider’s stock worth $189,000 after buying an additional 3,232 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of HSBC by 21.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,135 shares of the financial services provider’s stock worth $12,916,000 after buying an additional 45,387 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of HSBC by 6.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,537 shares of the financial services provider’s stock worth $274,000 after buying an additional 321 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Thursday, March 6th. StockNews.com raised shares of HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Barclays raised shares of HSBC from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Royal Bank of Canada reissued a “sector perform” rating on shares of HSBC in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

HSBC Stock Performance

NYSE HSBC opened at $57.83 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $206.27 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.05 and a beta of 0.51. HSBC Holdings plc has a 12-month low of $38.34 and a 12-month high of $61.88. The firm has a 50-day moving average price of $54.14 and a two-hundred day moving average price of $48.87.

HSBC (NYSE:HSBC) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04. The company had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%. Analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 7th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Friday, March 7th. HSBC’s payout ratio is presently 115.81%.

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.