HSBC Holdings plc (NYSE:HSBC) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC grew its stake in HSBC Holdings plc (NYSE:HSBC) by 20.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 20,869 shares of the financial services provider’s stock after purchasing an additional 3,594 shares during the period. Aaron Wealth Advisors LLC’s holdings in HSBC were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Bleakley Financial Group LLC grew its stake in HSBC by 10.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,740 shares of the financial services provider’s stock worth $305,000 after buying an additional 622 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of HSBC by 3.1% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 22,618 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 675 shares during the period. Naviter Wealth LLC grew its position in shares of HSBC by 2.8% during the third quarter. Naviter Wealth LLC now owns 93,333 shares of the financial services provider’s stock worth $4,218,000 after acquiring an additional 2,525 shares during the last quarter. Creative Planning increased its holdings in shares of HSBC by 9.4% in the 3rd quarter. Creative Planning now owns 222,092 shares of the financial services provider’s stock valued at $10,036,000 after acquiring an additional 19,165 shares during the period. Finally, Grove Bank & Trust raised its position in HSBC by 24.3% in the 3rd quarter. Grove Bank & Trust now owns 2,593 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 507 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Stock Performance

HSBC stock traded up $0.13 during mid-day trading on Friday, reaching $44.50. 166,460 shares of the company were exchanged, compared to its average volume of 1,738,588. The firm’s 50-day simple moving average is $43.92 and its two-hundred day simple moving average is $43.35. HSBC Holdings plc has a twelve month low of $35.30 and a twelve month high of $46.07. The firm has a market cap of $166.91 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 0.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The firm had revenue of $16.54 billion during the quarter. Equities analysts predict that HSBC Holdings plc will post 6.22 earnings per share for the current fiscal year.

HSBC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Friday, August 16th. HSBC’s payout ratio is 34.14%.

Analyst Ratings Changes

Separately, Dbs Bank upgraded shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st.

HSBC 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.