HSBC Holdings plc (LON:HSBA) Insider Georges Elhedery Buys 31,962 Shares of Stock

HSBC Holdings plc (LON:HSBAGet Rating) insider Georges Elhedery purchased 31,962 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of GBX 600 ($7.52) per share, with a total value of £191,772 ($240,225.48).

Georges Elhedery also recently made the following trade(s):

  • On Monday, February 27th, Georges Elhedery sold 52,907 shares of HSBC stock. The stock was sold at an average price of GBX 633 ($7.93), for a total transaction of £334,901.31 ($419,518.11).

HSBC Stock Performance

Shares of LON HSBA opened at GBX 603 ($7.55) on Thursday. HSBC Holdings plc has a 52-week low of GBX 434.70 ($5.45) and a 52-week high of GBX 653.80 ($8.19). The firm has a 50 day moving average price of GBX 572.21 and a two-hundred day moving average price of GBX 556.27. The stock has a market cap of £120.48 billion, a P/E ratio of 677.53, a price-to-earnings-growth ratio of 0.78 and a beta of 0.58.

HSBC Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 23rd. Stockholders of record on Thursday, May 11th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.39%. The ex-dividend date is Thursday, May 11th. HSBC’s dividend payout ratio (DPR) is presently 3,820.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HSBA. Berenberg Bank raised shares of HSBC to a “buy” rating and set a GBX 780 ($9.77) price target for the company in a report on Tuesday, May 2nd. Credit Suisse Group set a GBX 580 ($7.27) price objective on shares of HSBC in a research note on Friday, March 31st. Shore Capital reissued a “buy” rating on shares of HSBC in a research note on Monday, March 13th. UBS Group set a GBX 700 ($8.77) price objective on shares of HSBC in a research note on Tuesday, March 14th. Finally, The Goldman Sachs Group set a GBX 745 ($9.33) price objective on shares of HSBC in a research note on Tuesday, February 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, HSBC currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 771 ($9.66).

About HSBC

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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.

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