Those following along with Standard Chartered PLC (LON:STAN) will no doubt be intrigued by the recent purchase of shares by William Winters, Group Chief Executive & Director of the company, who spent a stonking UK£833k on stock at an average price of UK£4.90. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 11%.
Standard Chartered Insider Transactions Over The Last Year
In fact, the recent purchase by William Winters was the biggest purchase of Standard Chartered shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of UK£4.91 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Standard Chartered share holders is that insiders were buying at near the current price.
In the last twelve months Standard Chartered insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Standard Chartered is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Standard Chartered Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Standard Chartered insiders own 0.2% of the company, worth about UK£25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Standard Chartered Insiders?
It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Standard Chartered shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Standard Chartered. You'd be interested to know, that we found 2 warning signs for Standard Chartered and we suggest you have a look.
Of course Standard Chartered may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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