Aaron Wealth Advisors LLC Has $3.56 Million Stock Holdings in HSBC Holdings plc $HSBC

Key Points

• Aaron Wealth Advisors LLC increased its HSBC stake by 32.4% in the first quarter, buying 10,538 additional shares and bringing its total holding to 43,102 shares valued at about $3.56 million.
• Wall Street’s view on HSBC is mixed but cautious, with several analysts trimming ratings and the overall consensus sitting at “Hold.” The stock currently has five Buy ratings and seven Hold ratings.
• HSBC is pushing digital and international expansion initiatives, including expanding its Orion blockchain network to the UAE, pursuing AI integration with Google, and opening a new head office with its first Wealth Centre in Qatar.

Aaron Wealth Advisors LLC grew its stake in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 32.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,102 shares of the financial services provider's stock after purchasing an additional 10,538 shares during the period. Aaron Wealth Advisors LLC's holdings in HSBC were worth $3,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC increased its holdings in shares of HSBC by 287.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 329 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in HSBC in the 3rd quarter valued at $26,000. Binnacle Investments Inc grew its position in HSBC by 80.5% in the 3rd quarter. Binnacle Investments Inc now owns 444 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 198 shares during the period. JPL Wealth Management LLC bought a new stake in HSBC during the 3rd quarter valued at $41,000. Finally, SHP Wealth Management acquired a new position in HSBC during the fourth quarter worth $42,000. Institutional investors own 1.48% of the company's stock.

Wall Street Analyst Weigh In

HSBC has been the subject of a number of analyst reports. Weiss Ratings cut shares of HSBC from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, May 6th. Zacks Research cut shares of HSBC from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of HSBC in a research note on Tuesday. BNP Paribas Exane lowered HSBC from an "outperform" rating to a "neutral" rating in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of HSBC in a research note on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, HSBC has a consensus rating of "Hold".

Key Headlines Impacting HSBC

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: HSBC expanded its Orion blockchain network to the UAE and launched a tokenized deposit service in dirhams, highlighting continued investment in real-time corporate cash management and digital banking infrastructure. HSBC Expands Orion Network to UAE, Enabling Real-Time Dirham Liquidity Flows
• Positive Sentiment: HSBC said it is pursuing AI integration with Google, reinforcing its push to modernize operations and improve efficiency across banking and wealth services. HSBC Holdings plc (HSBC) is a Top UK Dividend Stock Pursuing AI Integration with Google
• Positive Sentiment: HSBC opened a new head office in Qatar with its first Wealth Centre in Msheireb Downtown Doha, signaling continued expansion in higher-margin wealth management. HSBC Qatar unveils its new head office featuring its first Wealth Centre in Msheireb Downtown Doha

HSBC Trading Up 1.3%

Shares of HSBC stock opened at $95.11 on Friday. The firm has a market cap of $326.86 billion, a PE ratio of 15.59, a P/E/G ratio of 0.83 and a beta of 0.56. HSBC Holdings plc has a 1 year low of $59.92 and a 1 year high of $96.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $91.73 and a 200-day moving average price of $86.32.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.44 earnings per share for the quarter. HSBC had a net margin of 16.06% and a return on equity of 13.35%. The company had revenue of $19.12 billion for the quarter. Equities research analysts anticipate that HSBC Holdings plc will post 8.6 EPS for the current year.

HSBC Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 15th. HSBC's dividend payout ratio is currently 32.46%.

Insider Activity

In other news, insider Daniel Scott Palomaki sold 23,123 shares of the firm's stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $18.11, for a total transaction of $418,757.53. Following the completion of the sale, the insider owned 4,973 shares in the company, valued at $90,061.03. This trade represents a 82.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.01% of the stock is currently owned by insiders.

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.

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