HSBC Holdings plc (LON:HSBA) Insider Buys £299,549.60 in Stock

HSBC Holdings plc (LON:HSBA) insider Georges Elhedery bought 41,720 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of GBX 718 ($9.35) per share, with a total value of £299,549.60 ($389,937.00).

HSBC Stock Down 0.8 %

Shares of LON:HSBA opened at GBX 718.20 ($9.35) on Thursday. The firm has a market cap of £130.64 billion, a price-to-earnings ratio of 812.90, a PEG ratio of 5.97 and a beta of 0.52. HSBC Holdings plc has a 12 month low of GBX 572.90 ($7.46) and a 12 month high of GBX 729.60 ($9.50). The company’s fifty day simple moving average is GBX 676.37 and its 200 day simple moving average is GBX 676.18.

HSBC Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, November 7th will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 1.11%. HSBC’s dividend payout ratio (DPR) is 5,393.26%.

Analyst Upgrades and Downgrades

HSBA has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank restated a “buy” rating and issued a GBX 870 ($11.33) price target on shares of HSBC in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 795 ($10.35).

HSBC Company Profile

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.