HSBC Holdings plc (HSBA) Plans $0.10 Dividend

HSBC Holdings plc (LON:HSBA) declared a dividend on Thursday, May 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.10 per share by the financial services provider on Wednesday, July 5th. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, May 18th. The official announcement can be accessed at this link.

Shares of HSBC Holdings plc (HSBA) traded up 0.07% on Friday, hitting GBX 687.20. The stock had a trading volume of 48,594,461 shares. The firm’s market cap is GBX 134.43 billion. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 715.20. The company’s 50-day moving average price is GBX 672.46 and its 200 day moving average price is GBX 664.85.

In other news, insider Lord Evans purchased 2,239 shares of the business’s stock in a transaction on Friday, May 19th. The stock was purchased at an average price of GBX 666 ($8.43) per share, with a total value of £14,911.74 ($18,863.68). Also, insider Marc Moses sold 18,270 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of GBX 657 ($8.31), for a total value of £120,033.90 ($151,845.54). In the last 90 days, insiders have purchased 2,308 shares of company stock valued at $1,536,323.

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HSBA has been the topic of a number of research reports. S&P Global set a GBX 720 ($9.11) price objective on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Tuesday, February 21st. Deutsche Bank AG cut their target price on HSBC Holdings plc from GBX 660 ($8.35) to GBX 635 ($8.03) and set a “hold” rating on the stock in a research report on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) set a GBX 750 ($9.49) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Monday, February 27th. Morgan Stanley set a GBX 745 ($9.42) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 720 ($9.11) target price on shares of HSBC Holdings plc in a research report on Friday, March 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. HSBC Holdings plc presently has a consensus rating of “Hold” and an average target price of GBX 635.05 ($8.03).

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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