Standard Chartered PLC (LON:STAN) Insider Purchases £387,385.74 in Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters acquired 33,453 shares of the stock in a transaction on Friday, March 14th. 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).

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

• 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 ($0.16), for a total value of £4,942.80 ($6,425.90).

Standard Chartered Stock Performance

STAN opened at GBX 1,205.50 ($15.67) on Wednesday. The firm has a market cap of £36.40 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. Standard Chartered PLC has a 52-week low of GBX 635.20 ($8.26) and a 52-week high of GBX 1,281 ($16.65). The business’s fifty day moving average is GBX 1,125.89 and its 200-day moving average is GBX 965.45.

Standard Chartered Increases Dividend

The firm also recently disclosed 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 a positive change from Standard Chartered’s previous dividend of $0.09. This represents a yield of 1.79%. Standard Chartered’s dividend payout ratio (DPR) is 20.71%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STAN. Citigroup increased their price objective on Standard Chartered from GBX 1,170 ($15.21) to GBX 1,250 ($16.25) and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 970 ($12.61) target price on shares of Standard Chartered in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,073.33 ($13.95).

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.