HSBC Holdings plc to Issue Dividend of $0.10 (LON:HSBA)

HSBC Holdings plc (LON:HSBA) announced a dividend on Wednesday, July 31st, Upcoming.Co.Uk reports. Investors of record on Thursday, August 15th will be given a dividend of $0.10 per share by the financial services provider on Friday, September 27th. This represents a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be accessed at this link.

HSBC Stock Up 3.4 %

HSBA stock opened at GBX 699.60 ($9.00) on Wednesday. HSBC has a twelve month low of GBX 572.90 ($7.37) and a twelve month high of GBX 725.20 ($9.33). The firm has a market capitalization of £131.24 billion, a PE ratio of 743.85, a PEG ratio of 5.15 and a beta of 0.56. The stock has a 50-day simple moving average of GBX 680.87 and a two-hundred day simple moving average of GBX 650.33.

Insiders Place Their Bets

In other news, insider Georges Elhedery acquired 26,899 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average cost of GBX 713 ($9.17) per share, with a total value of £191,789.87 ($246,706.80). Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HSBA shares. JPMorgan Chase & Co. upped their price target on shares of HSBC from GBX 660 ($8.49) to GBX 700 ($9.00) and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Citigroup reaffirmed a “top pick” rating on shares of HSBC in a report on Monday, July 8th. Berenberg Bank boosted their price objective on HSBC from GBX 800 ($10.29) to GBX 830 ($10.68) and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Shore Capital reaffirmed a “buy” rating on shares of HSBC in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 792 ($10.19).

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.