JCIC Asset Management Inc. Boosts Stock Position in HSBC Holdings plc (NYSE:HSBC)

JCIC Asset Management Inc. increased its position in shares of HSBC Holdings plc (NYSE:HSBC) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,112 shares of the financial services provider’s stock after acquiring an additional 632 shares during the quarter. JCIC Asset Management Inc.’s holdings in HSBC were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new position in HSBC in the 3rd quarter valued at about $139,895,000. FMR LLC increased its position in shares of HSBC by 44.3% during the third quarter. FMR LLC now owns 2,442,205 shares of the financial services provider’s stock worth $110,363,000 after acquiring an additional 749,759 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of HSBC in the third quarter valued at $54,770,000. Bank of Montreal Can boosted its holdings in HSBC by 124.3% in the third quarter. Bank of Montreal Can now owns 171,416 shares of the financial services provider’s stock valued at $7,820,000 after purchasing an additional 94,991 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in HSBC by 383.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 93,675 shares of the financial services provider’s stock worth $4,233,000 after purchasing an additional 74,295 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Stock Down 0.9 %

Shares of HSBC stock traded down $0.42 during trading hours on Monday, reaching $48.93. 1,084,803 shares of the stock were exchanged, compared to its average volume of 1,190,268. HSBC Holdings plc has a 12-month low of $36.93 and a 12-month high of $49.86. The business’s fifty day moving average is $47.64 and its two-hundred day moving average is $45.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $176.29 billion, a P/E ratio of 8.09 and a beta of 0.54.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Friday, November 8th. HSBC’s dividend payout ratio is presently 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.