HSBC Holdings plc (NYSE:HSBC) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its stake in HSBC Holdings plc (NYSE:HSBC - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,743 shares of the financial services provider's stock after buying an additional 8,860 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in HSBC were worth $9,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its position in shares of HSBC by 18.1% during the fourth quarter. FMR LLC now owns 2,883,238 shares of the financial services provider's stock worth $142,605,000 after purchasing an additional 441,033 shares in the last quarter. Northern Trust Corp grew its stake in shares of HSBC by 52.0% in the fourth quarter. Northern Trust Corp now owns 2,781,307 shares of the financial services provider's stock worth $137,563,000 after acquiring an additional 951,050 shares in the last quarter. American Century Companies Inc. increased its position in shares of HSBC by 4.5% during the fourth quarter. American Century Companies Inc. now owns 937,065 shares of the financial services provider's stock worth $46,347,000 after acquiring an additional 40,388 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in HSBC by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 514,642 shares of the financial services provider's stock valued at $25,454,000 after purchasing an additional 14,095 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in HSBC by 26.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 401,960 shares of the financial services provider's stock worth $19,881,000 after purchasing an additional 85,104 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

Analyst Upgrades and Downgrades

HSBC has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. UBS Group reiterated a "neutral" rating on shares of HSBC in a research note on Thursday, March 6th. StockNews.com raised shares of HSBC from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Barclays upgraded shares of HSBC from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

HSBC Stock Performance

Shares of HSBC stock traded down $0.03 during trading hours on Tuesday, hitting $56.65. 1,276,131 shares of the company were exchanged, compared to its average volume of 1,739,830. The business has a 50-day moving average of $55.32 and a 200-day moving average of $51.43. HSBC Holdings plc has a 1 year low of $39.42 and a 1 year high of $61.88. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $200.25 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.05 and a beta of 0.53.

HSBC (NYSE:HSBC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.35. HSBC had a net margin of 16.17% and a return on equity of 12.20%. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $16.60 billion. As a group, analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 12th will be issued a dividend of $0.495 per share. This represents a yield of 3.5%. The ex-dividend date is Friday, May 9th. HSBC's dividend payout ratio is presently 36.33%.

About HSBC

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.