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

Mercer Global Advisors Inc. ADV boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Moors & Cabot Inc. acquired a new position in HSBC in the second quarter valued at about $283,000. Angeles Investment Advisors LLC bought a new stake in HSBC during the 2nd quarter worth approximately $215,000. Seven Mile Advisory acquired a new stake in HSBC during the 2nd quarter valued at $206,000. Thoroughbred Financial Services LLC raised its position in HSBC by 1.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 35,731 shares of the financial services provider's stock valued at $1,554,000 after purchasing an additional 525 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of HSBC by 13.3% during the second quarter. Parallel Advisors LLC now owns 10,079 shares of the financial services provider's stock worth $438,000 after purchasing an additional 1,180 shares during the last quarter. Institutional investors own 1.48% of the company's stock.

HSBC Trading Down 1.2 %

NYSE:HSBC traded down $0.54 on Friday, hitting $44.17. 1,329,391 shares of the stock were exchanged, compared to its average volume of 1,801,967. 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 Holdings plc has a 52 week low of $35.30 and a 52 week high of $45.53. The stock has a market capitalization of $165.68 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 0.94 and a beta of 0.56. The company's 50-day moving average price is $43.10 and its 200 day moving average price is $42.56.

HSBC (NYSE:HSBC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 earnings per share for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. The business had revenue of $16.54 billion for the quarter. On average, equities research analysts forecast 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 paid a dividend of $0.50 per share. The ex-dividend date is Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.53%. HSBC's dividend payout ratio (DPR) is presently 34.14%.

Analyst Upgrades and Downgrades

Separately, Dbs Bank raised shares of HSBC to a "strong-buy" rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, HSBC presently has an average rating of "Hold".

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.