HSBC Holdings plc Announces Dividend of GBX 0.10 (HSBA)
HSBC Holdings plc (LON:HSBA) announced a dividend on Monday, October 3rd. Investors of record on Thursday, October 20th will be paid a dividend of GBX 0.10 ($0.00) per share on Tuesday, December 6th. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th. The official announcement can be viewed at this link.
Shares of HSBC Holdings plc (LON:HSBA) opened at 587.60 on Tuesday. The company’s 50-day moving average is GBX 564.18 and its 200-day moving average is GBX 484.05. The stock’s market capitalization is GBX 104.82 billion. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 594.50.
In other news, insider Evans,Lord bought 1,754 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were acquired at an average cost of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).
A number of brokerages recently weighed in on HSBA. BNP Paribas restated a “neutral” rating and set a GBX 540 ($7.05) target price on shares of HSBC Holdings plc in a report on Thursday, September 22nd. Barclays PLC set a GBX 550 ($7.18) target price on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a report on Tuesday, September 6th. JPMorgan Chase & Co. raised their target price on shares of HSBC Holdings plc from GBX 460 ($6.00) to GBX 520 ($6.79) and gave the stock a “neutral” rating in a report on Tuesday, September 6th. Deutsche Bank AG restated a “hold” rating and set a GBX 525 ($6.85) target price on shares of HSBC Holdings plc in a report on Tuesday, September 6th. Finally, Morgan Stanley set a GBX 438 ($5.72) target price on shares of HSBC Holdings plc and gave the stock a “sell” rating in a report on Monday, September 12th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 513.18 ($6.70).
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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