Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 804.60 ($9.85) and last traded at GBX 804.40 ($9.85), with a volume of 182777453 shares. The stock had previously closed at GBX 799.20 ($9.78).
Wall Street Analyst Weigh In
Separately, Citigroup reaffirmed 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 company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 795 ($9.73).
Check Out Our Latest Stock Report on HSBC
HSBC Stock Up 0.7 %
The firm has a market cap of £146.32 billion, a P/E ratio of 903.82, a P/E/G ratio of 5.97 and a beta of 0.52. The business has a fifty day simple moving average of GBX 750.60 and a 200-day simple moving average of GBX 697.43.
HSBC Announces Dividend
The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, November 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a dividend yield of 1.11%. HSBC's payout ratio is currently 5,393.26%.
Insider Activity
In other news, insider Georges Elhedery acquired 41,720 shares of HSBC stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of GBX 718 ($8.79) per share, with a total value of £299,549.60 ($366,645.78). Insiders own 0.32% of the company's stock.
HSBC Company Profile
(
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.
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 "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
