HSBC Holdings plc (HSBA) Announces $0.10 Dividend
HSBC Holdings plc (LON:HSBA) announced a dividend on Tuesday, October 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 12th will be given a dividend of $0.10 per share by the financial services provider on Wednesday, November 22nd. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, October 12th. The official announcement can be seen at this link.
HSBC Holdings plc (LON HSBA) traded down 0.69% during mid-day trading on Wednesday, hitting GBX 758.10. The stock had a trading volume of 13,906,551 shares. The company’s market cap is GBX 153.66 billion. HSBC Holdings plc has a 1-year low of GBX 518.17 and a 1-year high of GBX 772.00. The company has a 50-day moving average price of GBX 736.68 and a 200 day moving average price of GBX 704.31.
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In other news, insider Marc Moses acquired 17,083 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of GBX 737 ($9.69) per share, for a total transaction of £125,901.71 ($165,529.46). Also, insider Douglas J. Flint acquired 58 shares of the stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of GBX 724 ($9.52) per share, for a total transaction of £419.92 ($552.09). Insiders have bought a total of 27,202 shares of company stock worth $20,337,321 over the last 90 days.
Several equities research analysts recently commented on HSBA shares. Morgan Stanley set a GBX 850 ($11.18) price objective on shares of HSBC Holdings plc and gave the company a “buy” rating in a research report on Thursday, October 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 737 ($9.69) price objective on shares of HSBC Holdings plc in a research report on Tuesday, September 26th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 850 ($11.18) price objective on shares of HSBC Holdings plc in a research report on Tuesday, August 22nd. Jefferies Group LLC started coverage on shares of HSBC Holdings plc in a research report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.10) price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.11) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 712.15 ($9.36).
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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