HSBC Holdings plc (LON:HSBA - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 804.60 ($9.79) and last traded at GBX 804.40 ($9.79), with a volume of 182777453 shares changing hands. The stock had previously closed at GBX 799.20 ($9.72).
Analysts Set New Price Targets
Separately, Citigroup reiterated a "top pick" rating on shares of HSBC in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 795 ($9.67).
View Our Latest Research Report on HSBC
HSBC Stock Up 1.0 %
The business has a fifty day simple moving average of GBX 754.46 and a 200 day simple moving average of GBX 699.09. The company has a market cap of £150.27 billion, a price-to-earnings ratio of 928.20, a P/E/G ratio of 5.97 and a beta of 0.52.
HSBC Announces Dividend
The company also recently declared a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, November 7th were paid 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 dividend payout ratio (DPR) is 5,393.26%.
Insiders Place Their Bets
In other news, insider Georges Elhedery bought 41,720 shares of HSBC stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of GBX 718 ($8.74) per share, for a total transaction of £299,549.60 ($364,459.91). 0.32% of the stock is owned by company insiders.
About HSBC
(
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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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