Mercer Global Advisors Inc. ADV Has $7.13 Million Stake in HSBC Holdings plc (NYSE:HSBC)

Mercer Global Advisors Inc. ADV boosted its holdings in HSBC Holdings plc (NYSE:HSBC) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,923 shares of the financial services provider’s stock after buying an additional 19,670 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in HSBC were worth $7,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Insight Folios Inc bought a new position in shares of HSBC in the 1st quarter worth $4,589,000. Stamos Capital Partners L.P. grew its position in shares of HSBC by 884.1% during the 1st quarter. Stamos Capital Partners L.P. now owns 125,970 shares of the financial services provider’s stock worth $4,958,000 after buying an additional 113,170 shares during the period. Susquehanna International Securities Ltd. increased its stake in shares of HSBC by 285.8% in the 1st quarter. Susquehanna International Securities Ltd. now owns 112,583 shares of the financial services provider’s stock valued at $4,431,000 after acquiring an additional 83,403 shares during the last quarter. Natixis Advisors LLC raised its position in shares of HSBC by 22.1% in the 2nd quarter. Natixis Advisors LLC now owns 413,789 shares of the financial services provider’s stock valued at $18,000,000 after acquiring an additional 74,980 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in HSBC by 19.0% during the 2nd quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock worth $13,180,000 after acquiring an additional 48,366 shares during the last quarter. 1.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

HSBC Stock Down 1.2 %

NYSE:HSBC opened at $44.17 on Friday. The stock has a market cap of $165.68 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.94 and a beta of 0.56. The company has a current ratio of 0.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $43.10 and a two-hundred day moving average price of $42.53. HSBC Holdings plc has a 1 year low of $35.30 and a 1 year high of $45.53.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share (EPS) for the quarter. HSBC had a return on equity of 10.60% and a net margin of 15.61%. The business had revenue of $16.54 billion during the quarter. As a group, equities analysts expect that HSBC Holdings plc will post 5.74 earnings per share for the current year.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 16th will be given a $0.50 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.00 annualized dividend and a yield of 4.53%. HSBC’s dividend payout ratio is currently 34.14%.

HSBC Company 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.