HSBC Holdings plc (HSBA) Insider Purchases £154.98 in Stock
HSBC Holdings plc (LON:HSBA) insider Douglas J. Flint acquired 21 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of GBX 738 ($9.54) per share, with a total value of £154.98 ($200.44).
Shares of HSBC Holdings plc (LON HSBA) traded up 0.88% during trading on Wednesday, hitting GBX 749.10. 17,022,437 shares of the stock traded hands. The company has a 50 day moving average of GBX 746.58 and a 200-day moving average of GBX 689.36. The company’s market cap is GBX 151.84 billion. HSBC Holdings plc has a 1-year low of GBX 518.17 and a 1-year high of GBX 772.00.
The company also recently disclosed a dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.02%.
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A number of equities research analysts recently weighed in on HSBA shares. Investec lowered shares of HSBC Holdings plc to a “sell” rating and set a GBX 640 ($8.28) price target for the company. in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.57) price target on shares of HSBC Holdings plc and gave the company a “neutral” rating in a report on Friday, June 16th. Morgan Stanley set a GBX 850 ($10.99) price objective on shares of HSBC Holdings plc and gave the company a “buy” rating in a research note on Monday, July 17th. Deutsche Bank AG increased their price objective on shares of HSBC Holdings plc from GBX 640 ($8.28) to GBX 695 ($8.99) and gave the company a “hold” rating in a research note on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 850 ($10.99) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 682.40 ($8.83).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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