HSBC Holdings plc (LON:HSBA) Insider Georges Elhedery Acquires 41,720 Shares of Stock

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

HSBC Price Performance

HSBA opened at GBX 715.60 ($9.32) on Friday. The stock has a market cap of £130.17 billion, a P/E ratio of 804.04, a P/E/G ratio of 5.97 and a beta of 0.52. The stock’s 50 day simple moving average is GBX 676.37 and its 200 day simple moving average is GBX 676.18. HSBC Holdings plc has a 1-year low of GBX 572.90 ($7.46) and a 1-year high of GBX 729.60 ($9.50).

HSBC Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 870 ($11.33) price objective on shares of HSBC in a research report on Wednesday, August 21st. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Monday, September 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 795 ($10.35).

About HSBC

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.