Insider Selling: HSBC Holdings plc (HSBA) Insider Sells £1,488,433.72 in Stock

HSBC Holdings plc (LON:HSBA) insider Marc Moses sold 221,164 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of GBX 673 ($8.31), for a total value of £1,488,433.72 ($1,838,253.33).

Shares of HSBC Holdings plc (LON:HSBA) opened at 659.10 on Tuesday. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 715.20. The company’s 50-day moving average price is GBX 675.20 and its 200 day moving average price is GBX 640.00. The firm’s market cap is GBX 128.61 billion.

Insider Buying and Selling by Quarter for HSBC Holdings plc (LON:HSBA)

The company also recently disclosed a dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, February 23rd will be paid a GBX 0.21 ($0.00) dividend. This represents a yield of 2.53%. This is a boost from HSBC Holdings plc’s previous dividend of $0.10. The ex-dividend date is Thursday, February 23rd.

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A number of equities research analysts recently commented on HSBA shares. Berenberg Bank restated a “buy” rating and set a GBX 600 ($7.41) price target on shares of HSBC Holdings plc in a research report on Friday, November 25th. Barclays PLC increased their price target on HSBC Holdings plc from GBX 600 ($7.41) to GBX 670 ($8.27) and gave the stock an “equal weight” rating in a research report on Friday, January 6th. Shore Capital reaffirmed a “sell” rating on shares of HSBC Holdings plc in a report on Tuesday, January 3rd. BNP Paribas reaffirmed a “neutral” rating and set a GBX 630 ($7.78) price objective on shares of HSBC Holdings plc in a report on Monday, January 9th. Finally, Deutsche Bank AG set a GBX 579 ($7.15) price objective on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Friday, January 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. HSBC Holdings plc has an average rating of “Hold” and an average price target of GBX 608.30 ($7.51).

About HSBC Holdings plc

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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