HSBC Holdings plc (NYSE:HSBC) Stock Position Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in HSBC Holdings plc (NYSE:HSBC) by 110.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,901 shares of the financial services provider’s stock after purchasing an additional 8,340 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in HSBC were worth $719,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of HSBC. Mediolanum International Funds Ltd bought a new position in HSBC during the third quarter valued at about $139,895,000. Meritage Portfolio Management boosted its stake in HSBC by 28.9% during the third quarter. Meritage Portfolio Management now owns 301,813 shares of the financial services provider’s stock valued at $13,639,000 after buying an additional 67,617 shares in the last quarter. QRG Capital Management Inc. boosted its stake in HSBC by 19.0% during the second quarter. QRG Capital Management Inc. now owns 302,994 shares of the financial services provider’s stock valued at $13,180,000 after buying an additional 48,366 shares in the last quarter. Susquehanna International Group Ltd. bought a new position in HSBC during the second quarter valued at about $522,000. Finally, Atomi Financial Group Inc. boosted its stake in HSBC by 65.9% during the second quarter. Atomi Financial Group Inc. now owns 27,237 shares of the financial services provider’s stock valued at $1,185,000 after buying an additional 10,816 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

HSBC Trading Up 0.8 %

Shares of HSBC stock opened at $46.68 on Friday. The stock has a 50-day simple moving average of $45.37 and a 200 day simple moving average of $44.16. HSBC Holdings plc has a fifty-two week low of $36.93 and a fifty-two week high of $47.56. The stock has a market capitalization of $169.07 billion, a P/E ratio of 7.72 and a beta of 0.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 8th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.28%. HSBC’s dividend payout ratio (DPR) is 32.73%.

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.