Bill Winters Sells 62,739 Shares of Standard Chartered PLC (LON:STAN) Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 62,739 shares of the business’s stock in a transaction on 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 stock was purchased at an average cost 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 Standard Chartered stock 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 200 day simple moving average is GBX 971.25. The firm has a market capitalization of £34.98 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. 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).

Standard Chartered Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on STAN. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.52) price target on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup increased their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Standard Chartered presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,073.33 ($13.86).

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.