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 shares were 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 shares were 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 shares were bought 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 shares were sold at an average price of GBX 12 ($0.15), for a total value of £4,942.80 ($6,381.92).

Standard Chartered Stock Down 0.9 %

Shares of STAN stock opened at GBX 1,158.47 ($14.96) on Friday. Standard Chartered PLC has a twelve month low of GBX 635.20 ($8.20) and a twelve month high of GBX 1,281 ($16.54). The company has a market cap of £34.98 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.80 and a beta of 0.85. The business has a fifty day simple moving average of GBX 1,135.53 and a 200 day simple moving average of GBX 972.80.

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 given a dividend of $0.28 per share. This is an increase 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 currently 20.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 970 ($12.52) target price on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup upped their target price 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 report on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.