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

Standard Chartered PLC (LON:STAN) insider Bill Winters bought 33,453 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were bought at an average price of GBX 1,158 ($15.06) per share, with a total value of £387,385.74 ($503,949.19).

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

• On Monday, March 17th, Bill Winters sold 40,432 shares of Standard Chartered stock. The shares were sold at an average price of GBX 1,163 ($15.13), for a total value of £470,224.16 ($611,713.49).
• 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 ($6,430.08).

Standard Chartered Trading Down 0.9 %

Shares of STAN opened at GBX 1,194.93 ($15.54) on Thursday. Standard Chartered PLC has a 12-month low of GBX 635.20 ($8.26) and a 12-month high of GBX 1,281 ($16.66). The business’s 50 day moving average is GBX 1,129.64 and its 200 day moving average is GBX 967.05. The company has a market capitalization of £36.08 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85.

Standard Chartered Increases Dividend

The business also recently announced 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 is Thursday, March 27th. This represents a dividend yield of 1.79%. Standard Chartered’s dividend payout ratio is currently 20.71%.

Wall Street Analyst Weigh In

Several research firms have recently commented on STAN. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 970 ($12.62) price target on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup lifted their price target 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 note 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. Based on data from MarketBeat.com, Standard Chartered presently has an average rating of “Moderate Buy” and an average 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.