HSBC Holdings plc (LON:HSBA) Insider Georges Elhedery Sells 52,907 Shares of Stock

HSBC Holdings plc (LON:HSBA – Get Rating) insider Georges Elhedery sold 52,907 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of GBX 633 ($7.64), for a total value of £334,901.31 ($404,128.53).

HSBC Price Performance

Shares of LON HSBA opened at GBX 640.30 ($7.73) on Thursday. The company has a market capitalization of £127.87 billion, a price-to-earnings ratio of 1,306.73, a price-to-earnings-growth ratio of 0.68 and a beta of 0.63. The business has a 50-day moving average of GBX 586.29 and a two-hundred day moving average of GBX 527.35. HSBC Holdings plc has a 1 year low of GBX 434.70 ($5.25) and a 1 year high of GBX 653.80 ($7.89).

HSBC Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 27th. Shareholders of record on Thursday, March 2nd will be given a dividend of $0.23 per share. This is a boost from HSBC’s previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a yield of 3.08%. HSBC’s payout ratio is presently 4,489.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank upped their target price on HSBC from GBX 625 ($7.54) to GBX 780 ($9.41) and gave the stock a “hold” rating in a report on Wednesday, February 22nd. Credit Suisse Group set a GBX 585 ($7.06) price objective on HSBC in a report on Wednesday, February 22nd. Royal Bank of Canada set a GBX 775 ($9.35) price objective on HSBC in a report on Monday. Shore Capital reaffirmed a “buy” rating on shares of HSBC in a report on Tuesday, February 21st. Finally, Jefferies Financial Group set a GBX 770 ($9.29) target price on HSBC in a report on Thursday, January 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 730.50 ($8.82).

HSBC Company Profile

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HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.