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

JCIC Asset Management Inc. boosted its holdings in shares of HSBC Holdings plc (NYSE:HSBC) by 42.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,112 shares of the financial services provider’s stock after purchasing an additional 632 shares during the period. JCIC Asset Management Inc.’s holdings in HSBC were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HSBC. Rhumbline Advisers increased its holdings in shares of HSBC by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 30,667 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 365 shares in the last quarter. Private Advisor Group LLC raised its position in shares of HSBC by 2.5% in the second quarter. Private Advisor Group LLC now owns 26,397 shares of the financial services provider’s stock worth $1,148,000 after acquiring an additional 648 shares during the period. American Century Companies Inc. boosted its stake in shares of HSBC by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 850,842 shares of the financial services provider’s stock worth $37,012,000 after acquiring an additional 37,781 shares in the last quarter. Westover Capital Advisors LLC acquired a new stake in shares of HSBC during the 2nd quarter valued at about $270,000. Finally, Parallel Advisors LLC raised its holdings in HSBC by 13.3% in the 2nd quarter. Parallel Advisors LLC now owns 10,079 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 1,180 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

HSBC Price Performance

HSBC traded down $0.42 during trading on Monday, hitting $48.93. The company’s stock had a trading volume of 1,084,803 shares, compared to its average volume of 1,190,268. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $176.29 billion, a price-to-earnings ratio of 8.09 and a beta of 0.54. The business’s fifty day simple moving average is $47.64 and its 200 day simple moving average is $45.13. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $49.86.

HSBC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, November 8th. HSBC’s payout ratio is 32.73%.

HSBC Company 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.