Insider Buying: HSBC Holdings plc (LON:HSBA) Insider Acquires £150.04 in Stock

HSBC Holdings plc (LON:HSBA) insider Jonathan (Jon) Bingham bought 22 shares of the business’s stock in a transaction on Friday, September 27th. The stock was purchased at an average price of GBX 682 ($9.12) per share, for a total transaction of £150.04 ($200.70).

HSBC Trading Up 1.7 %

LON HSBA opened at GBX 676 ($9.04) on Thursday. HSBC Holdings plc has a 12 month low of GBX 572.90 ($7.66) and a 12 month high of GBX 725.20 ($9.70). The stock has a 50 day moving average of GBX 659.18 and a 200-day moving average of GBX 665.06. The company has a market cap of £123.37 billion, a PE ratio of 777.01, a PEG ratio of 5.03 and a beta of 0.52.

HSBC Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 15th were paid a $0.10 dividend. This represents a yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 15th. HSBC’s dividend payout ratio is currently 5,517.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HSBA. Citigroup reissued a “buy” rating on shares of HSBC in a research report on Monday, September 2nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 870 ($11.64) price target on shares of HSBC in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HSBC has an average rating of “Moderate Buy” and an average price target of GBX 795 ($10.63).

HSBC Company Profile

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.