Standard Chartered PLC (LON:STAN) Insider Sells £470,224.16 in Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 40,432 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of GBX 1,163 ($15.02), for a total transaction of £470,224.16 ($607,132.55).

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

• On Wednesday, March 19th, Bill Winters sold 62,739 shares of Standard Chartered stock. The shares were sold at an average price of GBX 1,191 ($15.38), for a total transaction of £747,221.49 ($964,779.20).
• On Friday, March 14th, Bill Winters bought 33,453 shares of Standard Chartered stock. The shares were acquired at an average price of GBX 1,158 ($14.95) per share, with a total value of £387,385.74 ($500,175.26).
• 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 ($0.15), for a total transaction of £4,942.80 ($6,381.92).

Standard Chartered Stock Down 0.9 %

Shares of STAN stock opened at GBX 1,158.47 ($14.96) on Friday. Standard Chartered PLC has a 12-month low of GBX 635.20 ($8.20) and a 12-month high of GBX 1,281 ($16.54). The firm has a market capitalization of £34.98 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm has a fifty day moving average of GBX 1,135.53 and a 200-day moving average of GBX 971.25.

Standard Chartered Increases Dividend

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

Analysts Set New Price Targets

STAN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 970 ($12.52) target price on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup upped their target price on shares of Standard Chartered from GBX 1,170 ($15.11) to GBX 1,250 ($16.14) and gave the company a “neutral” rating in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Standard Chartered presently has an average rating of “Moderate Buy” and an average target price of GBX 1,073.33 ($13.86).

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.