HSBC (LON:HSBA) announced a dividend on Friday, May 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.10 per share by the financial services provider on Thursday, July 5th. This represents a yield of 1.03%. The ex-dividend date is Thursday, May 17th. The official announcement can be seen at this link.
Shares of LON HSBA opened at GBX 745.70 ($10.01) on Wednesday. HSBC has a 1-year low of GBX 618 ($8.29) and a 1-year high of GBX 798.60 ($10.72).
In other news, insider Iain Mackay sold 3,469 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of GBX 696 ($9.34), for a total transaction of £24,144.24 ($32,395.33). Also, insider Marc Moses sold 88,231 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of GBX 721 ($9.67), for a total value of £636,145.51 ($853,542.88). Insiders sold 212,533 shares of company stock worth $151,337,073 in the last three months.
Several brokerages have recently commented on HSBA. Berenberg Bank increased their target price on HSBC from GBX 600 ($8.05) to GBX 680 ($9.12) and gave the stock a “hold” rating in a report on Monday, February 5th. Deutsche Bank restated a “hold” rating and set a GBX 700 ($9.39) target price on shares of HSBC in a report on Monday, February 5th. Citigroup restated a “buy” rating on shares of HSBC in a report on Monday, February 12th. UBS set a GBX 725 ($9.73) target price on HSBC and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Goldman Sachs set a GBX 820 ($11.00) target price on HSBC and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 759.18 ($10.19).
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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