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

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 ($15.13), for a total value of £470,224.16 ($611,713.49).

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 cost of GBX 1,158 ($15.06) per share, with a total value of £387,385.74 ($503,949.19).
• 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 value of £4,942.80 ($6,430.08).

Standard Chartered Stock Down 0.9 %

STAN opened at GBX 1,194.93 ($15.54) on Thursday. The stock has a market capitalization of £36.08 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered PLC has a twelve month low of GBX 635.20 ($8.26) and a twelve month high of GBX 1,281 ($16.66). The company has a 50-day simple moving average of GBX 1,129.64 and a 200 day simple moving average of GBX 967.05.

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 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 dividend yield of 1.79%. Standard Chartered’s dividend payout ratio (DPR) is currently 20.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.62) target price on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup increased their target price on shares of Standard Chartered from GBX 1,170 ($15.22) to GBX 1,250 ($16.26) and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,073.33 ($13.96).

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.