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

Standard Chartered PLC (LON:STAN - Get Free Report) insider Bill Winters sold 62,739 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of GBX 1,191 ($15.38), for a total transaction of £747,221.49 ($964,903.78).

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 ($607,210.95).
• On Friday, March 14th, Bill Winters bought 33,453 shares of Standard Chartered stock. The shares were bought at an average cost of GBX 1,158 ($14.95) per share, with a total value of £387,385.74 ($500,239.85).
• 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 ($6,382.75).

Standard Chartered Price Performance

Shares of LON STAN traded up GBX 21.89 ($0.28) on Monday, hitting GBX 1,180.39 ($15.24). The company's stock had a trading volume of 4,449,608 shares, compared to its average volume of 16,391,031. The stock has a 50 day moving average of GBX 1,135.53 and a 200-day moving average of GBX 974.40. The company has a market capitalization of £35.64 billion, a price-to-earnings ratio of 10.63, 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 firm also recently declared a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.28 per share. This represents a dividend yield of 1.79%. The ex-dividend date is Thursday, March 27th. This is a positive change from Standard Chartered's previous dividend of $0.09. Standard Chartered's dividend payout ratio is currently 20.71%.

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Analysts Set New Price Targets

Several research analysts recently weighed in on STAN shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 970 ($12.53) price objective on shares of Standard Chartered in a research report on Monday, February 24th. Citigroup upped their target price on shares of Standard Chartered from GBX 1,170 ($15.11) to GBX 1,250 ($16.14) 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.