Insider Buying: HSBC Holdings plc (HSBA) Insider Buys £151.68 in Stock
HSBC Holdings plc (LON:HSBA) insider Douglas J. Flint acquired 24 shares of HSBC Holdings plc stock in a transaction on Monday, November 28th. The shares were purchased at an average cost of GBX 632 ($7.84) per share, with a total value of £151.68 ($188.17).
HSBC Holdings plc (LON:HSBA) opened at 635.20 on Thursday. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 645.60. The firm’s 50 day moving average price is GBX 623.67 and its 200-day moving average price is GBX 533.87. The stock’s market cap is GBX 124.52 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 0.10 ($0.00) per share. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.32%.
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HSBA has been the subject of several research reports. Investec reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 25th. Beaufort Securities reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. Societe Generale reissued a “buy” rating and set a GBX 555 ($6.89) price objective on shares of HSBC Holdings plc in a report on Thursday, August 4th. Citigroup Inc. reissued a “buy” rating and set a GBX 600 ($7.44) price objective on shares of HSBC Holdings plc in a report on Tuesday, August 9th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 600 ($7.44) price objective on shares of HSBC Holdings plc in a report on Thursday, October 20th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 565 ($7.01).
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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