HSBC Holdings plc (LON:HSBA) fell 0% on Thursday . The stock traded as low as GBX 756.50 ($10.18) and last traded at GBX 756.50 ($10.18). 27,383,138 shares traded hands during trading, an increase of 19% from the average session volume of 22,960,000 shares. The stock had previously closed at GBX 756.50 ($10.18).
Several brokerages recently weighed in on HSBA. Morgan Stanley set a GBX 850 ($11.44) target price on HSBC and gave the company a “buy” rating in a report on Wednesday. UBS set a GBX 725 ($9.76) price objective on HSBC and gave the stock a “neutral” rating in a report on Monday, September 4th. Barclays reiterated a “hold” rating and issued a GBX 600 ($8.08) price objective on shares of HSBC in a report on Wednesday, September 27th. Societe Generale reiterated a “buy” rating on shares of HSBC in a report on Monday, October 23rd. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 690 ($9.29) price objective on shares of HSBC in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 746.33 ($10.04).
The company also recently announced a dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th were paid a $0.10 dividend. This represents a dividend yield of 1.01%. The ex-dividend date was Thursday, October 12th.
In related news, insider Iain Mackay acquired 16,980 shares of HSBC stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of GBX 741 ($9.97) per share, with a total value of £125,821.80 ($169,342.93). Also, insider Douglas J. Flint acquired 58 shares of HSBC stock in a transaction that occurred on Wednesday, September 20th. The shares were bought at an average cost of GBX 724 ($9.74) per share, with a total value of £419.92 ($565.17). In the last 90 days, insiders bought 17,058 shares of company stock valued at $12,638,772.
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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