HSBC Holdings plc (LON:HSBA - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 787.30 ($9.73) and last traded at GBX 784.58 ($9.70), with a volume of 429117250 shares traded. The stock had previously closed at GBX 776 ($9.59).
Wall Street Analyst Weigh In
Separately, Citigroup reissued a "top pick" rating on shares of HSBC in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 795 ($9.83).
Get Our Latest Analysis on HSBA
HSBC Stock Up 2.0 %
The firm has a 50-day moving average of GBX 743.15 and a 200 day moving average of GBX 694.37. The stock has a market capitalization of £143.92 billion, a P/E ratio of 888.99, a PEG ratio of 5.97 and a beta of 0.52.
HSBC Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.10 per share. This represents a dividend yield of 1.11%. The ex-dividend date was Thursday, November 7th. HSBC's payout ratio is 5,393.26%.
Insider Activity
In related news, insider Georges Elhedery acquired 41,720 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of GBX 718 ($8.88) per share, for a total transaction of £299,549.60 ($370,271.45). 0.32% of the stock is owned by company insiders.
About HSBC
(
Get Free Report)
With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.
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