Standard Chartered PLC (LON:STAN) Insider Bill Winters Acquires 33,453 Shares

Standard Chartered PLC (LON:STAN) insider Bill Winters acquired 33,453 shares of Standard Chartered stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of GBX 1,158 ($15.06) per share, for a total transaction of £387,385.74 ($503,949.19).

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 ($15.13), for a total transaction of £470,224.16 ($611,713.49).
• 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 value of £4,942.80 ($6,430.08).

Standard Chartered Stock Performance

Shares of STAN stock opened at GBX 1,194.93 ($15.54) on Thursday. The stock has a 50 day moving average price of GBX 1,129.64 and a 200 day moving average price of GBX 967.05. Standard Chartered PLC has a 52-week low of GBX 635.20 ($8.26) and a 52-week high of GBX 1,281 ($16.66). The firm has a market capitalization of £36.08 billion, a P/E ratio of 10.76, a P/E/G 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. 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 an increase from Standard Chartered’s previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. Standard Chartered’s dividend payout ratio (DPR) is 20.71%.

Wall Street Analysts Forecast Growth

STAN has been the topic of several recent research reports. Citigroup increased their price target on Standard Chartered from GBX 1,170 ($15.22) to GBX 1,250 ($16.26) and gave the company a “neutral” rating in a report on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 970 ($12.62) target price on shares of Standard Chartered in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,073.33 ($13.96).

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.