HSBC Holdings plc (LON:HSBA) Plans $0.31 Dividend

HSBC Holdings plc (LON:HSBA) declared a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be given a dividend of $0.31 per share by the financial services provider on Friday, June 21st. This represents a dividend yield of 3.7%. The ex-dividend date is Thursday, May 9th. The official announcement can be viewed at this link.

HSBC Stock Performance

Shares of HSBA stock opened at GBX 722.80 ($9.08) on Wednesday. The stock has a 50 day simple moving average of GBX 635.46 and a two-hundred day simple moving average of GBX 620.74. The company has a market cap of £136.10 billion, a P/E ratio of 774.57, a PEG ratio of 5.18 and a beta of 0.58. HSBC has a fifty-two week low of GBX 572.90 ($7.20) and a fifty-two week high of GBX 724.40 ($9.10).

Analyst Ratings Changes

HSBA has been the subject of a number of research reports. Shore Capital restated a “buy” rating on shares of HSBC in a report on Tuesday, April 30th. Barclays restated an “overweight” rating and issued a GBX 800 ($10.05) target price on shares of HSBC in a research note on Thursday, February 29th. Citigroup reaffirmed a “buy” rating and set a GBX 810 ($10.18) price target on shares of HSBC in a research note on Wednesday, April 10th. Berenberg Bank increased their price target on HSBC from GBX 800 ($10.05) to GBX 830 ($10.43) and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on HSBC from GBX 660 ($8.29) to GBX 700 ($8.79) and gave the company a “neutral” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 807.65 ($10.15).

Insider Buying and Selling at HSBC

In related news, insider Georges Elhedery sold 28,719 shares of HSBC stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.41), for a total value of £169,442.10 ($212,866.96). In other HSBC news, insider Noel Quinn sold 89,546 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 596 ($7.49), for a total transaction of £533,694.16 ($670,470.05). Also, insider Georges Elhedery sold 28,719 shares of HSBC stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total value of £169,442.10 ($212,866.96). 0.32% of the stock is owned by corporate insiders.

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.