HSBC Holdings plc (LON:HSBA - Get Free Report) insider Georges Elhedery acquired 41,720 shares of HSBC stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of GBX 718 ($9.35) per share, for a total transaction of £299,549.60 ($389,937.00).
HSBC Stock Performance
Shares of LON:HSBA traded down GBX 8.60 ($0.11) during midday trading on Thursday, reaching GBX 715.60 ($9.32). 46,718,535 shares of the company's stock traded hands, compared to its average volume of 25,898,277. The company has a market cap of £130.17 billion, a price-to-earnings ratio of 804.04, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC Holdings plc has a one year low of GBX 572.90 ($7.46) and a one year high of GBX 729.60 ($9.50). The stock has a 50 day moving average of GBX 676.37 and a 200 day moving average of GBX 676.18.
HSBC Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, November 7th will be given a dividend of $0.10 per share. This represents a yield of 1.11%. The ex-dividend date is Thursday, November 7th. HSBC's dividend payout ratio (DPR) is presently 5,393.26%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Citigroup restated a "buy" rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank reissued a "buy" rating and set a GBX 870 ($11.33) target price on shares of HSBC in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 795 ($10.35).
Get Our Latest Research Report on HSBA
About HSBC
(
Get Free Report)
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.
Further Reading
Before you consider HSBC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HSBC wasn't on the list.
While HSBC currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
