HSBC Holdings plc (LON:HSBA) insider Douglas J. Flint acquired 23 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of GBX 676 ($8.68) per share, with a total value of £155.48 ($199.72).
Shares of HSBC Holdings plc (LON HSBA) traded up 0.06% during mid-day trading on Wednesday, reaching GBX 675.60. 44,152,873 shares of the company traded hands. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 715.20. The stock’s 50-day moving average is GBX 656.76 and its 200-day moving average is GBX 660.70. The company’s market capitalization is GBX 132.16 billion.
The firm also recently announced a dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, May 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 18th. This represents a yield of 1.17%.
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HSBA has been the subject of a number of analyst reports. Deutsche Bank AG set a GBX 579 ($7.44) price objective on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Morgan Stanley set a GBX 745 ($9.57) price objective on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 600 ($7.71) price objective on shares of HSBC Holdings plc in a research report on Thursday, February 16th. JPMorgan Chase & Co. upped their price objective on shares of HSBC Holdings plc from GBX 600 ($7.71) to GBX 670 ($8.61) and gave the stock a “neutral” rating in a research report on Monday, February 20th. Finally, Goldman Sachs Group Inc decreased their price objective on shares of HSBC Holdings plc from GBX 775 ($9.96) to GBX 750 ($9.63) and set a “neutral” rating for the company in a research report on Monday, February 20th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. HSBC Holdings plc presently has an average rating of “Hold” and a consensus target price of GBX 625.30 ($8.03).
About HSBC Holdings plc
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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