Standard Chartered PLC (LON:STAN) Insider Sells £747,221.49 in Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 62,739 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of GBX 1,191 ($15.44), for a total transaction of £747,221.49 ($968,907.53).

Bill Winters also recently made the following trade(s):

• On Monday, March 17th, Bill Winters sold 40,432 shares of Standard Chartered stock. The shares were sold at an average price of GBX 1,163 ($15.08), for a total transaction of £470,224.16 ($609,730.50).
• On Friday, March 14th, Bill Winters purchased 33,453 shares of Standard Chartered stock. The shares were bought at an average price of GBX 1,158 ($15.02) per share, for a total transaction of £387,385.74 ($502,315.53).
• On Monday, March 10th, Bill Winters sold 41,190 shares of Standard Chartered stock. The shares were sold at an average price of GBX 12 ($0.16), for a total transaction of £4,942.80 ($6,409.23).

Standard Chartered Price Performance

Standard Chartered stock opened at GBX 1,175.14 ($15.24) on Friday. The firm has a market cap of £35.48 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered PLC has a fifty-two week low of GBX 635.20 ($8.24) and a fifty-two week high of GBX 1,281 ($16.61). The firm has a fifty day moving average price of GBX 1,132.87 and a two-hundred day moving average price of GBX 968.50.

Standard Chartered Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.28 per share. This is a positive change from Standard Chartered’s previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 1.79%. Standard Chartered’s payout ratio is currently 20.71%.

Analysts Set New Price Targets

Several research firms recently issued reports on STAN. Citigroup lifted their price objective on shares of Standard Chartered from GBX 1,170 ($15.17) to GBX 1,250 ($16.21) and gave the company a “neutral” rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 970 ($12.58) price objective on shares of Standard Chartered in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,073.33 ($13.92).

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.