Insider Selling: 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 firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of GBX 1,191 ($15.38), for a total value of £747,221.49 ($964,779.20).

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 ($15.02), for a total value of £470,224.16 ($607,132.55).
• On Friday, March 14th, Bill Winters bought 33,453 shares of Standard Chartered stock. The shares were bought at an average price of GBX 1,158 ($14.95) per share, for a total transaction of £387,385.74 ($500,175.26).
• 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 ($0.15), for a total value of £4,942.80 ($6,381.92).

Standard Chartered Stock Down 0.9 %

LON:STAN opened at GBX 1,158.47 ($14.96) on Friday. 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. Standard Chartered PLC has a twelve month low of GBX 635.20 ($8.20) and a twelve month high of GBX 1,281 ($16.54). The stock’s 50 day moving average price is GBX 1,135.53 and its two-hundred day moving average price is GBX 972.80.

Standard Chartered Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 970 ($12.52) price objective on shares of Standard Chartered in a report on Monday, February 24th. Citigroup boosted their target price on Standard Chartered from GBX 1,170 ($15.11) to GBX 1,250 ($16.14) and gave the company a “neutral” rating in a research note on Thursday, March 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,073.33 ($13.86).

About Standard Chartered

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.