Raymond James Trust N.A. Buys 1,411 Shares of HSBC Holdings plc (HSBC)

Raymond James Trust N.A. boosted its stake in shares of HSBC Holdings plc (NYSE:HSBC) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,453 shares of the financial services provider’s stock after buying an additional 1,411 shares during the period. Raymond James Trust N.A.’s holdings in HSBC were worth $372,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its stake in HSBC by 3.0% in the third quarter. Fisher Asset Management LLC now owns 15,726,602 shares of the financial services provider’s stock worth $691,813,000 after purchasing an additional 463,230 shares during the period. Dimensional Fund Advisors LP increased its stake in HSBC by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 12,338,821 shares of the financial services provider’s stock worth $581,652,000 after purchasing an additional 63,409 shares during the period. Cambiar Investors LLC increased its stake in HSBC by 0.6% in the third quarter. Cambiar Investors LLC now owns 4,585,514 shares of the financial services provider’s stock worth $201,717,000 after purchasing an additional 25,713 shares during the period. Northern Trust Corp increased its stake in HSBC by 4.1% in the second quarter. Northern Trust Corp now owns 4,367,607 shares of the financial services provider’s stock worth $205,888,000 after purchasing an additional 173,934 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in HSBC by 1.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 364,137 shares of the financial services provider’s stock worth $16,018,000 after purchasing an additional 5,364 shares during the period. Institutional investors own 2.53% of the company’s stock.

HSBC opened at $43.53 on Monday. HSBC Holdings plc has a 12-month low of $38.23 and a 12-month high of $55.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.96 and a quick ratio of 0.96.

HSBC (NYSE:HSBC) last posted its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. The firm had revenue of $13.84 billion for the quarter. As a group, research analysts forecast that HSBC Holdings plc will post 3.57 earnings per share for the current fiscal year.

A number of research firms have weighed in on HSBC. Zacks Investment Research upgraded HSBC from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Citigroup lowered HSBC from a “buy” rating to a “neutral” rating in a research note on Monday, October 22nd. Societe Generale lowered HSBC from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Credit Suisse Group upgraded HSBC from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 20th. Finally, DZ Bank reiterated a “sell” rating on shares of HSBC in a research note on Monday, August 6th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. HSBC has an average rating of “Hold”.

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HSBC Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

Further Reading: Consumer Price Index (CPI)

Institutional Ownership by Quarter for HSBC (NYSE:HSBC)

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