Standard Chartered PLC (LON:STAN) Insider Bill Winters Sells 40,432 Shares

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 40,432 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of GBX 1,163 ($15.12), for a total transaction of £470,224.16 ($611,315.86).

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

• On Friday, March 14th, Bill Winters purchased 33,453 shares of Standard Chartered stock. The shares were purchased at an average price of GBX 1,158 ($15.05) per share, for a total transaction of £387,385.74 ($503,621.61).
• 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 ($6,425.90).

Standard Chartered Price Performance

Standard Chartered stock traded down GBX 11.07 ($0.14) during trading hours on Wednesday, hitting GBX 1,194.93 ($15.53). The company had a trading volume of 8,550,992 shares, compared to its average volume of 16,815,447. The firm has a market capitalization of £36.08 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. The firm’s fifty day moving average is GBX 1,125.89 and its 200-day moving average is GBX 965.45. Standard Chartered PLC has a fifty-two week low of GBX 635.20 ($8.26) and a fifty-two week high of GBX 1,281 ($16.65).

Standard Chartered Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on STAN shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 970 ($12.61) price target on shares of Standard Chartered in a report on Monday, February 24th. Citigroup boosted their price target on shares of Standard Chartered from GBX 1,170 ($15.21) to GBX 1,250 ($16.25) and gave the company a “neutral” rating in a report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Standard Chartered presently has an average rating of “Moderate Buy” and an average price target of GBX 1,073.33 ($13.95).

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.