HSBC (LON:HSBA) Reaches New 1-Year High – Here’s What Happened

Posted by Michael Baxter on Jan 23rd, 2025

HSBC Holdings plc (LON:HSBA – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 828.60 ($10.20) and last traded at GBX 825.30 ($10.16), with a volume of 19507764 shares traded. The stock had previously closed at GBX 826.10 ($10.17).

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “top pick” rating on shares of HSBC in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, HSBC currently has an average rating of “Buy” and an average price target of GBX 795 ($9.79).

Get Our Latest Stock Report on HSBC

HSBC Stock Up 0.1 %

The company has a market cap of £149.92 billion, a P/E ratio of 926.07, a P/E/G ratio of 5.97 and a beta of 0.52. The business has a fifty day simple moving average of GBX 760.76 and a two-hundred day simple moving average of GBX 702.03.

HSBC Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, November 7th were issued a $0.10 dividend. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 7th. HSBC’s payout ratio is 5,393.26%.

Insider Buying and Selling at HSBC

In related news, insider Georges Elhedery purchased 41,720 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of GBX 718 ($8.84) per share, with a total value of £299,549.60 ($368,767.20). 0.32% of the stock is owned by corporate insiders.

About HSBC

(Get Free Report)

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.