Jonathan (Jon) Bingham Buys 22 Shares of HSBC Holdings plc (LON:HSBA) Stock

HSBC Holdings plc (LON:HSBA) insider Jonathan (Jon) Bingham bought 22 shares of HSBC stock in a transaction dated Friday, September 27th. The stock was acquired at an average price of GBX 682 ($9.12) per share, with a total value of £150.04 ($200.70).

HSBC Trading Down 0.7 %

Shares of LON:HSBA opened at GBX 664.70 ($8.89) on Wednesday. The firm has a market cap of £121.77 billion, a price-to-earnings ratio of 755.34, a P/E/G ratio of 5.01 and a beta of 0.52. HSBC Holdings plc has a 1 year low of GBX 572.90 ($7.66) and a 1 year high of GBX 725.20 ($9.70). The business has a fifty day simple moving average of GBX 659.01 and a 200 day simple moving average of GBX 664.48.

HSBC Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, August 15th. This represents a dividend yield of 1.15%. HSBC’s dividend payout ratio is 5,454.55%.

Analyst Upgrades and Downgrades

HSBA has been the topic of several recent analyst reports. 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) target price on shares of HSBC in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HSBC has a consensus rating of “Moderate Buy” and an average target price of GBX 795 ($10.63).

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.