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

HSBC Holdings plc (LON:HSBA) announced a dividend on Tuesday, April 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be given 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 Price Performance

HSBC stock opened at GBX 709.10 ($8.91) on Thursday. HSBC has a 12 month low of GBX 572.90 ($7.20) and a 12 month high of GBX 709.30 ($8.91). The company has a market cap of £133.95 billion, a price-to-earnings ratio of 766.48, a price-to-earnings-growth ratio of 0.45 and a beta of 0.58. The stock’s 50-day moving average is GBX 626.61 and its 200-day moving average is GBX 619.08.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at HSBC

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

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.