Standard Chartered PLC (LON:STAN - Get Free Report) insider Bill Winters sold 62,739 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of GBX 1,191 ($15.44), for a total transaction of £747,221.49 ($968,907.53).
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 ($15.08), for a total transaction of £470,224.16 ($609,730.50).
- On Friday, March 14th, Bill Winters purchased 33,453 shares of Standard Chartered stock. The shares were bought at an average price of GBX 1,158 ($15.02) per share, for a total transaction of £387,385.74 ($502,315.53).
- 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 ($6,409.23).
Standard Chartered Price Performance
Standard Chartered stock opened at GBX 1,175.14 ($15.24) on Friday. The firm has a market cap of £35.48 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.80 and a beta of 0.85. Standard Chartered PLC has a fifty-two week low of GBX 635.20 ($8.24) and a fifty-two week high of GBX 1,281 ($16.61). The firm has a fifty day moving average price of GBX 1,132.87 and a two-hundred day moving average price of GBX 968.50.
Standard Chartered Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders 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. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 1.79%. Standard Chartered's payout ratio is currently 20.71%.
Analysts Set New Price Targets
Several research firms recently issued reports on STAN. Citigroup lifted their price objective on shares of Standard Chartered from GBX 1,170 ($15.17) to GBX 1,250 ($16.21) and gave the company a "neutral" rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 970 ($12.58) price objective on shares of Standard Chartered in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 1,073.33 ($13.92).
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Standard Chartered Company Profile
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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.
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