HSBC Holdings plc (NYSE:HSBC) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

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

Several other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC raised its position in shares of HSBC by 12.8% during the 3rd quarter. Caprock Group LLC now owns 39,566 shares of the financial services provider’s stock valued at $1,788,000 after acquiring an additional 4,490 shares in the last quarter. Drive Wealth Management LLC raised its position in shares of HSBC by 6.4% during the 3rd quarter. Drive Wealth Management LLC now owns 6,771 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 407 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in HSBC during the 3rd quarter worth $263,000. Huntington National Bank grew its stake in HSBC by 11.9% during the 3rd quarter. Huntington National Bank now owns 2,122 shares of the financial services provider’s stock worth $96,000 after buying an additional 226 shares during the last quarter. Finally, MQS Management LLC bought a new position in HSBC during the 3rd quarter worth $439,000. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Price Performance

Shares of HSBC opened at $46.68 on Friday. The company has a market cap of $169.07 billion, a P/E ratio of 7.72 and a beta of 0.56. The stock has a fifty day moving average price of $45.37 and a 200 day moving average price of $44.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. HSBC Holdings plc has a 12 month low of $36.93 and a 12 month high of $47.56.

HSBC Dividend Announcement

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