HSBC Holdings plc (LON:HSBA – Get Free Report) insider Jonathan (Jon) Bingham bought 22 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 682 ($9.12) per share, for a total transaction of £150.04 ($200.70).
HSBC Stock Down 1.7 %
Shares of HSBA opened at GBX 669.20 ($8.95) on Tuesday. The company has a market capitalization of £122.60 billion, a PE ratio of 760.45, a P/E/G ratio of 5.01 and a beta of 0.52. HSBC Holdings plc has a 52-week low of GBX 572.90 ($7.66) and a 52-week high of GBX 725.20 ($9.70). The company has a 50-day simple moving average of GBX 658.92 and a 200-day simple moving average of GBX 663.87.
HSBC Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.15%. HSBC’s payout ratio is 5,454.55%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of HSBC in a report on Monday, September 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 870 ($11.64) price objective on shares of HSBC in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, HSBC has an average rating of “Moderate Buy” and a consensus target price of GBX 795 ($10.63).
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Check Out Our Latest Analysis on HSBA
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.
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