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 the business’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 acquired 33,453 shares of Standard Chartered stock. The stock was purchased 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 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 Trading Down 0.9 %

Shares of STAN opened at GBX 1,158.47 ($14.96) on Friday. The business’s fifty day simple moving average is GBX 1,135.53 and its two-hundred day simple moving average is GBX 971.25. 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 company has a market cap of £34.98 billion, a price-to-earnings ratio of 10.43, a P/E/G ratio of 0.80 and a beta of 0.85.

Standard Chartered Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.28 per share. This represents a yield of 1.79%. This is an increase from Standard Chartered’s previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. Standard Chartered’s dividend payout ratio (DPR) is currently 20.71%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on STAN. Citigroup upped their price objective on Standard Chartered from GBX 1,170 ($15.11) to GBX 1,250 ($16.14) and gave the stock a “neutral” rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.52) target price on shares of Standard Chartered in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.