HSBC Holdings plc (LON:HSBA) declared a dividend on Monday, July 31st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 3rd will be given a dividend of $0.10 per share by the financial services provider on Wednesday, September 20th. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 3rd. The official announcement can be seen at this link.
HSBC Holdings plc (LON HSBA) traded down 1.68% during trading on Friday, reaching GBX 736.80. 25,311,629 shares of the company were exchanged. The firm’s market cap is GBX 149.35 billion. The firm has a 50-day moving average of GBX 737.34 and a 200-day moving average of GBX 685.11. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00.
In other HSBC Holdings plc news, insider Lord Evans purchased 2,239 shares of the stock in a transaction on Friday, May 19th. The shares were bought at an average price of GBX 666 ($8.67) per share, for a total transaction of £14,911.74 ($19,418.86). Also, insider Jonathan Symonds purchased 10,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of GBX 766 ($9.98) per share, for a total transaction of £76,600 ($99,752.57). Insiders bought 12,303 shares of company stock worth $9,196,209 in the last 90 days.
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Several equities analysts have recently weighed in on the company. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.29) price target on HSBC Holdings plc and gave the company a “neutral” rating in a report on Friday. J P Morgan Chase & Co set a GBX 690 ($8.99) price objective on HSBC Holdings plc and gave the company a “neutral” rating in a research report on Thursday. Citigroup Inc. set a GBX 850 ($11.07) price objective on HSBC Holdings plc and gave the company a “buy” rating in a research report on Friday, August 4th. Barclays PLC increased their price objective on HSBC Holdings plc from GBX 650 ($8.46) to GBX 700 ($9.12) and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Finally, S&P Global set a GBX 820 ($10.68) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 680.15 ($8.86).
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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