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

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HSBC Holdings plc (NYSE:HSBC - Free Report) by 194.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,766 shares of the financial services provider's stock after purchasing an additional 30,865 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in HSBC were worth $2,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its position in shares of HSBC by 58.2% during the 4th quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 210 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of HSBC by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,909 shares of the financial services provider's stock valued at $990,000 after purchasing an additional 235 shares in the last quarter. Sonoma Private Wealth LLC boosted its holdings in HSBC by 3.9% in the fourth quarter. Sonoma Private Wealth LLC now owns 6,635 shares of the financial services provider's stock worth $328,000 after acquiring an additional 250 shares in the last quarter. Abel Hall LLC boosted its holdings in HSBC by 4.3% in the third quarter. Abel Hall LLC now owns 6,221 shares of the financial services provider's stock worth $281,000 after acquiring an additional 257 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in HSBC by 1.9% in the third quarter. Integrated Wealth Concepts LLC now owns 14,185 shares of the financial services provider's stock worth $641,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 1.48% of the company's stock.

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HSBC Stock Up 0.5 %

Shares of HSBC stock traded up $0.26 during trading hours on Friday, reaching $57.87. The company had a trading volume of 2,156,567 shares, compared to its average volume of 1,651,683. HSBC Holdings plc has a 12 month low of $38.94 and a 12 month high of $61.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.88 and a quick ratio of 0.96. The business has a fifty day simple moving average of $54.86 and a 200-day simple moving average of $49.19. The company has a market cap of $206.08 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

HSBC (NYSE:HSBC - Get Free Report) last posted its earnings results on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.04. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion. HSBC had a return on equity of 12.20% and a net margin of 16.17%. On average, research analysts expect that HSBC Holdings plc will post 6.66 earnings per share for the current fiscal year.

HSBC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 12.44%. The ex-dividend date of this dividend is Friday, March 7th. HSBC's payout ratio is 115.81%.

Analyst Upgrades and Downgrades

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

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.