HSBC Holdings plc (LON:HSBA) insider Marc Moses acquired 21,465 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of GBX 586 ($7.66) per share, for a total transaction of £125,784.90 ($164,360.25).
HSBA traded up GBX 4.50 ($0.06) during trading on Friday, reaching GBX 630.70 ($8.24). 20,224,970 shares of the stock were exchanged, compared to its average volume of 26,590,000. The stock has a market cap of $127.46 billion and a P/E ratio of 9.13. HSBC Holdings plc has a twelve month low of GBX 6.30 ($0.08) and a twelve month high of GBX 687.70 ($8.99). The stock’s 50 day moving average price is GBX 621.37 and its two-hundred day moving average price is GBX 641.27.
The company also recently announced a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 15th. This represents a yield of 1.3%. HSBC’s payout ratio is 0.48%.
HSBA has been the topic of a number of recent research reports. Shore Capital reiterated a “hold” rating on shares of HSBC in a report on Friday. Goldman Sachs Group set a GBX 890 ($11.63) price objective on shares of HSBC and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada lowered their price objective on shares of HSBC from GBX 600 ($7.84) to GBX 580 ($7.58) and set an “underperform” rating on the stock in a report on Thursday, August 29th. Credit Suisse Group set a GBX 680 ($8.89) price objective on shares of HSBC and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Societe Generale reiterated a “hold” rating on shares of HSBC in a report on Tuesday. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 655.60 ($8.57).
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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