Raymond James Financial Inc. Buys Shares of 360,192 HSBC Holdings plc (NYSE:HSBC)

Raymond James Financial Inc. bought a new stake in HSBC Holdings plc (NYSE:HSBC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 360,192 shares of the financial services provider's stock, valued at approximately $17,815,000.

A number of other hedge funds have also recently modified their holdings of HSBC. Sanctuary Advisors LLC grew its holdings in shares of HSBC by 2.8% during the third quarter. Sanctuary Advisors LLC now owns 16,036 shares of the financial services provider's stock worth $737,000 after purchasing an additional 439 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HSBC during the third quarter worth approximately $122,000. JPMorgan Chase & Co. lifted its stake in HSBC by 103.6% in the third quarter. JPMorgan Chase & Co. now owns 56,860 shares of the financial services provider's stock valued at $2,570,000 after buying an additional 28,939 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of HSBC by 116.2% in the fourth quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 805 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of HSBC by 28.6% in the 4th quarter. GAMMA Investing LLC now owns 7,810 shares of the financial services provider's stock valued at $386,000 after acquiring an additional 1,735 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

HSBC stock traded down $0.27 on Thursday, reaching $55.74. 1,232,661 shares of the company's stock were exchanged, compared to its average volume of 2,721,854. HSBC Holdings plc has a twelve month low of $39.42 and a twelve month high of $61.88. 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 stock has a fifty day moving average of $55.38 and a 200-day moving average of $50.68. The firm has a market cap of $198.49 billion, a PE ratio of 8.99, a P/E/G ratio of 1.05 and a beta of 0.40.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data 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. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The firm had revenue of $11.56 billion during the quarter, compared to analysts' expectations of $13.79 billion. As a group, equities analysts predict that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a dividend of $1.80 per share. The ex-dividend date is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.92%. HSBC's dividend payout ratio is presently 115.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 HSBC from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th. Royal Bank of Canada reissued a "sector perform" rating on shares of HSBC in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. 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 data from MarketBeat.com, the company currently 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.