Aaron Wealth Advisors LLC Acquires 7,117 Shares of HSBC Holdings plc $HSBC

Aaron Wealth Advisors LLC grew its holdings in HSBC Holdings plc (NYSE:HSBC) by 28.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,564 shares of the financial services provider’s stock after acquiring an additional 7,117 shares during the period. Aaron Wealth Advisors LLC’s holdings in HSBC were worth $2,562,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HSBC. Mather Group LLC. bought a new stake in shares of HSBC during the 3rd quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of HSBC during the 3rd quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of HSBC during the 3rd quarter worth $32,000. Binnacle Investments Inc boosted its holdings in shares of HSBC by 80.5% during the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider’s stock worth $32,000 after buying an additional 198 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in shares of HSBC during the 3rd quarter worth $41,000. 1.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Zacks Research downgraded shares of HSBC from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Weiss Ratings raised shares of HSBC from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a report on Friday, January 9th. The Goldman Sachs Group assumed coverage on shares of HSBC in a report on Thursday, March 26th. They set a “buy” rating for the company. Finally, Morgan Stanley assumed coverage on shares of HSBC in a report on Wednesday, January 14th. They set an “equal weight” rating for the company. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.00.

HSBC Price Performance

Shares of HSBC stock opened at $84.63 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.87 and a quick ratio of 0.87. HSBC Holdings plc has a fifty-two week low of $45.66 and a fifty-two week high of $94.79. The firm has a fifty day moving average price of $85.54 and a two-hundred day moving average price of $77.73. The company has a market cap of $290.71 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 0.88 and a beta of 0.55.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Saturday, February 14th. The financial services provider reported $1.35 earnings per share for the quarter. HSBC had a net margin of 16.07% and a return on equity of 13.10%. The firm had revenue of $17.70 billion during the quarter. Analysts expect that HSBC Holdings plc will post 6.66 EPS for the current year.

HSBC Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 13th will be issued a $2.25 dividend. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. This represents a $9.00 dividend on an annualized basis and a yield of 10.6%. HSBC’s payout ratio is currently 148.43%.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.