Insider Selling: Standard Chartered PLC (LON:STAN) Insider Sells 62,739 Shares of Stock

Standard Chartered PLC (LON:STAN) insider Bill Winters sold 62,739 shares of Standard Chartered stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of GBX 1,191 ($15.49), for a total transaction of £747,221.49 ($972,058.66).

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 Friday, March 14th, Bill Winters bought 33,453 shares of Standard Chartered stock. 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).
• 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 ($6,430.08).

Standard Chartered Stock Down 1.6 %

STAN stock traded down GBX 19.36 ($0.25) during mid-day trading on Thursday, reaching GBX 1,175.14 ($15.29). The company had a trading volume of 6,158,806 shares, compared to its average volume of 16,625,271. The stock has a market capitalization of £35.48 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered PLC has a one year low of GBX 635.20 ($8.26) and a one year high of GBX 1,281 ($16.66). The stock’s 50-day simple moving average is GBX 1,129.64 and its two-hundred day simple moving average is GBX 967.05.

Standard Chartered Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, March 27th will be issued 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 dividend payout ratio (DPR) is 20.71%.

Analyst Ratings Changes

STAN has been the subject of several research analyst reports. Citigroup raised their price objective on Standard Chartered from GBX 1,170 ($15.22) to GBX 1,250 ($16.26) and gave the company a “neutral” rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 970 ($12.62) price objective on shares of Standard Chartered in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Standard Chartered presently has a consensus 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.