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José Viñals Iñiguez Is The Group Chairman of Standard Chartered PLC (LON:STAN) And They Just Picked Up 62% More Shares

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·3 min read
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Even if it's not a huge purchase, we think it was good to see that José Viñals Iñiguez, the Group Chairman of Standard Chartered PLC (LON:STAN) recently shelled out UK£52k to buy stock, at UK£4.52 per share. While that isn't the hugest buy, it actually boosted their shareholding by 62%, which is good to see.

View our latest analysis for Standard Chartered

The Last 12 Months Of Insider Transactions At Standard Chartered

Over the last year, we can see that the biggest insider purchase was by Group Chief Executive & Director William Winters for UK£833k worth of shares, at about UK£4.90 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being UK£4.53). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

Happily, we note that in the last year insiders paid UK£2.1m for 438.23k shares. On the other hand they divested 95.25k shares, for UK£480k. Overall, Standard Chartered insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

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.

Insider Ownership of Standard Chartered

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Standard Chartered insiders own about UK£26m worth of shares. That equates to 0.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Standard Chartered Insider Transactions Indicate?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Standard Chartered we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Standard Chartered has 1 warning sign we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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