HSBC Holdings plc $HSBC Shares Acquired by Aaron Wealth Advisors LLC

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Portside Wealth Group LLC lifted its stake in HSBC by 81.1% during the fourth quarter. Portside Wealth Group LLC now owns 7,741 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 3,466 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of HSBC by 728.6% during the fourth quarter. Sound Income Strategies LLC now owns 696 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 612 shares during the period. Sowell Financial Services LLC raised its holdings in shares of HSBC by 18.3% during the fourth quarter. Sowell Financial Services LLC now owns 31,609 shares of the financial services provider’s stock valued at $2,487,000 after acquiring an additional 4,899 shares during the period. Florida Trust Wealth Management Co raised its holdings in shares of HSBC by 4.1% during the fourth quarter. Florida Trust Wealth Management Co now owns 5,232 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 208 shares during the period. Finally, Ascent Group LLC raised its holdings in shares of HSBC by 2.7% during the fourth quarter. Ascent Group LLC now owns 12,356 shares of the financial services provider’s stock valued at $972,000 after acquiring an additional 324 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Stock Up 0.3%

HSBC stock opened at $84.63 on Tuesday. The firm has a market cap of $290.71 billion, a PE ratio of 13.99, a P/E/G ratio of 0.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50 day moving average price is $85.54 and its two-hundred day moving average price is $77.73. HSBC Holdings plc has a twelve month low of $45.66 and a twelve month high of $94.79.

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

HSBC Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, March 13th will be given a $2.25 dividend. This is a positive change from HSBC’s previous quarterly dividend of $0.50. This represents a $9.00 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Friday, March 13th. HSBC’s payout ratio is presently 148.43%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HSBC. Keefe, Bruyette & Woods upgraded shares of HSBC from a “hold” rating to a “moderate buy” rating in a report on Wednesday, December 17th. Weiss Ratings upgraded shares of HSBC from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. The Goldman Sachs Group began coverage on shares of HSBC in a report on Thursday, March 26th. They set a “buy” rating on the stock. Zacks Research lowered shares of HSBC from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Finally, Citigroup restated a “buy” rating on shares of HSBC in a report on Friday, January 9th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, HSBC has an average rating of “Moderate Buy” and an average target price of $63.00.

About HSBC

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.