Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464,092 shares of the bank's stock after selling 124,201 shares during the quarter. Carnegie Investment Counsel's holdings in Huntington Bancshares were worth $7,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arvest Bank Trust Division acquired a new stake in shares of Huntington Bancshares in the 3rd quarter worth $2,381,000. Heritage Wealth Management Inc. acquired a new stake in Huntington Bancshares in the second quarter valued at about $744,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Huntington Bancshares by 5.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock valued at $12,414,000 after purchasing an additional 44,662 shares in the last quarter. Petiole USA ltd acquired a new position in Huntington Bancshares during the 3rd quarter worth approximately $3,454,000. Finally, Franklin Resources Inc. raised its stake in shares of Huntington Bancshares by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank's stock worth $27,901,000 after buying an additional 55,602 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HBAN. Keefe, Bruyette & Woods upped their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Citigroup increased their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Monday, December 23rd. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Finally, Barclays lifted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.76.

Insider Activity at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Helga Houston sold 6,455 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,699 shares of company stock worth $757,356. 0.92% of the stock is currently owned by company insiders.

Huntington Bancshares Trading Up 1.0 %

HBAN traded up $0.17 on Friday, reaching $17.01. 31,298,513 shares of the company's stock were exchanged, compared to its average volume of 18,691,037. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares Incorporated has a twelve month low of $12.02 and a twelve month high of $18.44. The company's 50 day moving average is $17.07 and its 200-day moving average is $15.43.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the firm posted $0.27 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.64%. Huntington Bancshares's dividend payout ratio (DPR) is currently 59.62%.

About Huntington Bancshares

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.