HSBC Holdings plc (LON:HSBA) Insider Buys £191,789.87 in Stock

HSBC Holdings plc (LON:HSBA) insider Georges Elhedery purchased 26,899 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of GBX 713 ($8.96) per share, with a total value of £191,789.87 ($240,942.05).

Georges Elhedery also recently made the following trade(s):

• On Tuesday, March 12th, Georges Elhedery sold 28,719 shares of HSBC stock. The stock was sold at an average price of GBX 590 ($7.41), for a total transaction of £169,442.10 ($212,866.96).

HSBC Price Performance

Shares of HSBC stock opened at GBX 700 ($8.79) on Friday. The business has a 50 day moving average price of GBX 637.69 and a 200 day moving average price of GBX 621.44. The company has a market capitalization of £131.81 billion, a P/E ratio of 750.98, a P/E/G ratio of 5.18 and a beta of 0.58. HSBC Holdings plc has a 1 year low of GBX 572.90 ($7.20) and a 1 year high of GBX 725.20 ($9.11).

HSBC Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 9th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a dividend yield of 3.7%. HSBC’s dividend payout ratio is currently 5,326.09%.

Wall Street Analysts Forecast Growth

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

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.