Georges Elhedery Acquires 41,720 Shares of HSBC Holdings plc (LON:HSBA) Stock

On November 5th, insider Georges Elhedery made a notable move by buying 41,720 shares of HSBC Holdings plc (LON:HSBA). The shares were purchased at an average price of GBX 718, which translates to around $9.35 per share. In total, this acquisition amounted to £299,549.60, or approximately $389,937.

Current Stock Performance

As of Friday, shares of HSBC opened at GBX 715.60, equivalent to $9.32. HSBC Holdings has a market capitalization of £130.17 billion. Its price-to-earnings (P/E) ratio stands at 804.04, while the price-to-earnings-growth (PEG) ratio is 5.97, and it has a beta of 0.52. The fifty-day simple moving average for the stock is GBX 676.37, and the two-hundred-day simple moving average is GBX 676.18. Over the past year, HSBC shares have reached a low of GBX 572.90 ($7.46) and a high of GBX 729.60 ($9.50).

Upcoming Dividend Announcement

HSBC recently announced a dividend that is scheduled to be paid on December 19th. Shareholders who are on record as of November 7th will receive a dividend payment of $0.10. This dividend yields around 1.11%. Interestingly, the ex-dividend date was also set for November 7th. Currently, HSBC’s dividend payout ratio is strikingly high at 5,393.26%.

Recent Analyst Ratings

HSBC has garnered attention from several analysts recently. Berenberg Bank, in a report issued on August 21st, reaffirmed a “buy” rating while setting a price target of GBX 870 ($11.33) for the stock. Citigroup also maintained a “buy” rating in its report published on September 2nd. As per current consensus ratings from MarketBeat, two analysts advocate holding the stock, while four maintain that it is a buy. The average target price set by analysts stands at GBX 795 ($10.35), suggesting a moderate buy consensus.

Company Overview

HSBC Holdings plc is a global leader in banking and financial services. The company operates through several segments, including Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking segment offers various services, such as retail banking, current and savings accounts, mortgages, credit cards, and personal loans, alongside wealth management services like insurance and investment products.

HSBC, Investment, Shares