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 the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of GBX 1,163 ($15.12), for a total transaction of £470,224.16 ($611,315.86).

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

• On Friday, March 14th, Bill Winters bought 33,453 shares of Standard Chartered stock. The shares were purchased at an average cost of GBX 1,158 ($15.05) per share, with a total value of £387,385.74 ($503,621.61).
• 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 ($6,425.90).

Standard Chartered Stock Performance

Shares of LON:STAN traded down GBX 11.07 ($0.14) during trading on Wednesday, reaching GBX 1,194.93 ($15.53). The company had a trading volume of 8,550,992 shares, compared to its average volume of 16,815,447. The firm’s fifty day moving average is GBX 1,125.89 and its 200 day moving average is GBX 965.45. Standard Chartered PLC has a twelve month low of GBX 635.20 ($8.26) and a twelve month high of GBX 1,281 ($16.65). The firm 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 firm also recently announced a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, March 27th will be issued a $0.28 dividend. 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 of this dividend is Thursday, March 27th. Standard Chartered’s payout ratio is presently 20.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on STAN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 970 ($12.61) price target on shares of Standard Chartered in a research note on Monday, February 24th. Citigroup upped their price target on shares of Standard Chartered from GBX 1,170 ($15.21) to GBX 1,250 ($16.25) and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,073.33 ($13.95).

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.