Standard Chartered PLC (LON:STAN) Insider Bill Winters Sells 62,739 Shares

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 62,739 shares of Standard Chartered stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 stock was 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 stock was acquired 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 stock was sold at an average price of GBX 12 ($0.16), for a total transaction of £4,942.80 ($6,409.23).

Standard Chartered Stock Performance

LON STAN opened at GBX 1,175.14 ($15.24) on Friday. Standard Chartered PLC has a twelve month low of GBX 635.20 ($8.24) and a twelve month high of GBX 1,281 ($16.61). The stock has a market cap of £35.48 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 0.80 and a beta of 0.85. The firm’s 50 day moving average price is GBX 1,132.87 and its two-hundred day moving average price is GBX 968.50.

Standard Chartered Increases Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on STAN. Citigroup lifted their price target on shares of Standard Chartered from GBX 1,170 ($15.17) to GBX 1,250 ($16.21) and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 970 ($12.58) price objective on shares of Standard Chartered in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Standard Chartered currently has a consensus 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.