Insider Buying: Standard Chartered PLC (LON:STAN) Insider Acquires 33,453 Shares of Stock

Standard Chartered PLC (LON:STAN - Get Free Report) insider Bill Winters purchased 33,453 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of GBX 1,158 ($15.02) per share, with a total value of £387,385.74 ($502,315.53).

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

• On Wednesday, March 19th, Bill Winters sold 62,739 shares of Standard Chartered stock. The shares were sold at an average price of GBX 1,191 ($15.44), for a total value of £747,221.49 ($968,907.53).
• 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 ($15.08), for a total value of £470,224.16 ($609,730.50).
• 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 ($6,409.23).

Standard Chartered Stock Performance

Shares of STAN traded down GBX 12.50 ($0.16) during midday trading on Friday, hitting GBX 1,156.50 ($15.00). 389,939,188 shares of the stock were exchanged, compared to its average volume of 23,174,838. Standard Chartered PLC has a 52-week low of GBX 635.20 ($8.24) and a 52-week high of GBX 1,281 ($16.61). The stock has a fifty day simple moving average of GBX 1,132.87 and a 200 day simple moving average of GBX 968.50. The firm has a market cap of £34.92 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.80 and a beta of 0.85.

Standard Chartered Increases Dividend

The company also recently declared 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 is a positive change 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 dividend payout ratio (DPR) is currently 20.71%.

Remove Ads

Analysts Set New Price Targets

STAN has been the subject of several analyst reports. Citigroup increased their price objective on Standard Chartered from GBX 1,170 ($15.17) to GBX 1,250 ($16.21) and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 970 ($12.58) price objective on shares of Standard Chartered in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,073.33 ($13.92).

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.