Raymond James Financial Inc. acquired a new position in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 360,192 shares of the financial services provider's stock, valued at approximately $17,815,000.
Several other large investors have also recently added to or reduced their stakes in HSBC. Bank of Montreal Can boosted its position in HSBC by 124.3% during the 3rd quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider's stock worth $7,820,000 after acquiring an additional 94,991 shares during the period. Wealthstar Advisors LLC bought a new stake in shares of HSBC during the fourth quarter valued at about $664,000. Entropy Technologies LP bought a new position in HSBC in the 4th quarter valued at about $701,000. Ritholtz Wealth Management raised its position in shares of HSBC by 12.3% during the 4th quarter. Ritholtz Wealth Management now owns 141,108 shares of the financial services provider's stock worth $6,979,000 after buying an additional 15,510 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new stake in shares of HSBC in the 4th quarter worth approximately $244,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.
HSBC Trading Up 0.5 %
HSBC traded up $0.26 during trading on Friday, reaching $57.87. The company had a trading volume of 2,156,437 shares, compared to its average volume of 1,655,069. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.88. HSBC Holdings plc has a 12-month low of $38.94 and a 12-month high of $61.88. The company has a market cap of $206.08 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.05 and a beta of 0.51. The firm's 50-day simple moving average is $54.69 and its 200 day simple moving average is $49.10.
HSBC (NYSE:HSBC - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. Equities research analysts anticipate that HSBC Holdings plc will post 6.66 earnings per share for the current year.
HSBC Dividend Announcement
The firm 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a dividend yield of 12.44%. HSBC's dividend payout ratio (DPR) is presently 115.81%.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. Barclays raised HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on HSBC
About HSBC
(
Free Report)
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.
Featured Articles
Before you consider HSBC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.
While HSBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
