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 Standard Chartered stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of GBX 1,163 ($15.08), for a total transaction of £470,224.16 ($609,730.50).

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 ($15.44), for a total transaction of £747,221.49 ($968,907.53).
• 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 ($15.02) per share, with a total value of £387,385.74 ($502,315.53).
• 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 ($6,409.23).

Standard Chartered Price Performance

STAN opened at GBX 1,175.14 ($15.24) on Friday. The firm has a market cap of £35.48 billion, a P/E ratio of 10.58, a PEG ratio of 0.80 and a beta of 0.85. Standard Chartered PLC has a 1-year low of GBX 635.20 ($8.24) and a 1-year high of GBX 1,281 ($16.61). The company has a 50 day simple moving average of GBX 1,132.87 and a two-hundred day simple moving average of GBX 968.50.

Standard Chartered Increases Dividend

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

Analyst Ratings Changes

STAN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 970 ($12.58) target price on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup boosted their target price on shares of Standard Chartered from GBX 1,170 ($15.17) to GBX 1,250 ($16.21) and gave the company a “neutral” rating in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,073.33 ($13.92).

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.