Standard Chartered PLC (LON:STAN) Insider Bill Winters Sells 40,432 Shares

Standard Chartered PLC (LON:STAN - Get Free Report) insider Bill Winters sold 40,432 shares of the stock in a transaction on Monday, March 17th. 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).

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

• On Wednesday, March 19th, Bill Winters sold 62,739 shares of Standard Chartered stock. 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).
• On Friday, March 14th, Bill Winters acquired 33,453 shares of Standard Chartered stock. The stock was acquired at an average cost of GBX 1,158 ($14.95) per share, for a total transaction 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 transaction of £4,942.80 ($6,381.92).

Standard Chartered Price Performance

Standard Chartered stock traded down GBX 10.53 ($0.14) during midday trading on Friday, hitting GBX 1,158.47 ($14.96). 15,115,548 shares of the stock were exchanged, compared to its average volume of 16,598,984. Standard Chartered PLC has a 1 year low of GBX 635.20 ($8.20) and a 1 year high of GBX 1,281 ($16.54). The firm 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 company has a 50 day moving average price of GBX 1,135.53 and a two-hundred day moving average price of GBX 972.80.

Standard Chartered Increases Dividend

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

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 970 ($12.52) price target on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup boosted their target price on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.