HSBC Holdings plc (HSBA) To Go Ex-Dividend on October 12th
HSBC Holdings plc (LON:HSBA) announced a dividend on Tuesday, October 3rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.10 per share by the financial services provider on Wednesday, November 22nd. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, October 12th. The official announcement can be seen at this link.
Shares of HSBC Holdings plc (LON HSBA) traded down 0.65% during mid-day trading on Wednesday, reaching GBX 758.40. 19,478,364 shares of the company’s stock traded hands. The stock has a 50-day moving average price of GBX 736.68 and a 200 day moving average price of GBX 704.31. HSBC Holdings plc has a 12-month low of GBX 518.17 and a 12-month high of GBX 772.00. The firm’s market capitalization is GBX 153.72 billion.
In other news, insider Jonathan Symonds bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average price of GBX 766 ($10.07) per share, with a total value of £76,600 ($100,709.97). Also, insider Douglas J. Flint bought 58 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were purchased at an average cost of GBX 724 ($9.52) per share, with a total value of £419.92 ($552.09). Insiders bought a total of 27,202 shares of company stock valued at $20,337,321 in the last ninety days.
Several equities research analysts have issued reports on HSBA shares. Morgan Stanley set a GBX 850 ($11.18) price objective on shares of HSBC Holdings plc and gave the company a “buy” rating in a research report on Monday, July 17th. Citigroup Inc. reissued a “buy” rating and issued a GBX 725 ($9.53) price objective on shares of HSBC Holdings plc in a research report on Friday, June 16th. Jefferies Group LLC started coverage on shares of HSBC Holdings plc in a research report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.10) price objective for the company. BNP Paribas set a GBX 825 ($10.85) price objective on shares of HSBC Holdings plc and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Barclays PLC boosted their price objective on shares of HSBC Holdings plc from GBX 650 ($8.55) to GBX 700 ($9.20) and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 712.15 ($9.36).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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