Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,772 shares of the bank's stock after selling 37,032 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Huntington Bancshares were worth $3,554,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Asset Dedication LLC grew its holdings in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after buying an additional 1,202 shares during the last quarter. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the third quarter worth $29,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after purchasing an additional 2,003 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares during the third quarter worth $31,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Huntington Bancshares during the third quarter worth $32,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

Shares of HBAN traded down $0.03 on Wednesday, reaching $17.60. The company's stock had a trading volume of 13,718,206 shares, compared to its average volume of 15,899,970. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market capitalization of $25.57 billion, a P/E ratio of 16.82, a PEG ratio of 3.55 and a beta of 1.06. The stock's 50 day simple moving average is $16.18 and its two-hundred day simple moving average is $14.66. Huntington Bancshares Incorporated has a 12-month low of $11.57 and a 12-month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter last year, the business earned $0.36 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.52%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's payout ratio is 59.62%.

Analysts Set New Price Targets

HBAN has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. DA Davidson upped their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a report on Monday, October 21st. Citigroup upped their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 price objective on shares of Huntington Bancshares in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares currently has an average rating of "Moderate Buy" and an average target price of $17.24.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock valued at $757,356 over the last three months. 0.92% of the stock is owned by company insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.