DAVENPORT & Co LLC Has $3.26 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

DAVENPORT & Co LLC decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,428 shares of the bank's stock after selling 28,505 shares during the quarter. DAVENPORT & Co LLC's holdings in Huntington Bancshares were worth $3,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Asset Dedication LLC raised its holdings in shares of Huntington Bancshares by 200.7% in 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 period. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the 3rd quarter valued at approximately $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth $32,000. Crews Bank & Trust acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at $58,000. Finally, Decker Retirement Planning Inc. purchased a new position in Huntington Bancshares in the fourth quarter valued at $73,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of analyst reports. JPMorgan Chase & Co. restated an "overweight" rating and issued a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Stephens reaffirmed an "equal weight" rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Friday. DA Davidson raised their target price on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research report on Monday, October 21st. Sandler O'Neill reaffirmed a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Barclays raised their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

Huntington Bancshares Trading Down 1.4 %

Huntington Bancshares stock traded down $0.24 during trading on Friday, hitting $16.92. The company's stock had a trading volume of 15,234,144 shares, compared to its average volume of 19,882,658. The stock has a market capitalization of $24.58 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.41 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The stock's fifty day moving average is $16.84 and its 200 day moving average is $15.81.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the company earned $0.27 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.66%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

Insider Activity at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate 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.