HSBC Holdings plc (LON:HSBA) Plans $0.31 Dividend

HSBC Holdings plc (LON:HSBA) declared a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 9th will be paid a dividend of $0.31 per share by the financial services provider on Friday, June 21st. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be viewed at this link.

HSBC Stock Up 0.9 %

LON HSBA opened at GBX 701.90 ($8.82) on Wednesday. The company has a market cap of £132.59 billion, a PE ratio of 769.01, a price-to-earnings-growth ratio of 0.45 and a beta of 0.58. HSBC has a 52 week low of GBX 572.90 ($7.20) and a 52 week high of GBX 703.40 ($8.84). The firm’s 50-day simple moving average is GBX 624.45 and its two-hundred day simple moving average is GBX 618.53.

Wall Street Analysts Forecast Growth

HSBA has been the topic of several analyst reports. Citigroup reiterated a “buy” rating and set a GBX 810 ($10.17) price target on shares of HSBC in a research report on Wednesday, April 10th. Berenberg Bank upped their price objective on shares of HSBC from GBX 800 ($10.05) to GBX 830 ($10.43) and gave the stock a “buy” rating in a research report on Tuesday. Shore Capital restated a “buy” rating on shares of HSBC in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 600 ($7.54) to GBX 660 ($8.29) and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Barclays restated an “overweight” rating and issued a GBX 800 ($10.05) price objective on shares of HSBC in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, HSBC has a consensus rating of “Moderate Buy” and an average target price of GBX 826.69 ($10.38).

Insiders Place Their Bets

In other HSBC news, insider Georges Elhedery sold 28,719 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of GBX 590 ($7.41), for a total value of £169,442.10 ($212,840.22). In other news, insider Noel Quinn sold 89,546 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 596 ($7.49), for a total transaction of £533,694.16 ($670,385.83). Also, insider Georges Elhedery sold 28,719 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total value of £169,442.10 ($212,840.22). 0.36% of the stock is owned by corporate insiders.

HSBC Company Profile

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.