Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,489,014 shares of the bank's stock after selling 308,757 shares during the period. Franklin Resources Inc. owned about 0.10% of Huntington Bancshares worth $24,226,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Creative Capital Management Investments LLC lifted its position in shares of Huntington Bancshares by 17,533.3% during the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after buying an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd raised its position in Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after acquiring an additional 1,023 shares during the period. Midwest Capital Advisors LLC purchased a new position in Huntington Bancshares during the fourth quarter valued at $37,000. Asset Dedication LLC grew its position in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after purchasing an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in shares of Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

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Insider Buying and Selling at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 38,451 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now directly owns 335,538 shares of the company's stock, valued at $4,825,036.44. The trade was a 10.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brendan A. Lawlor sold 3,521 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.25, for a total value of $53,695.25. Following the completion of the sale, the vice president now directly owns 47,950 shares in the company, valued at $731,237.50. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,781 shares of company stock valued at $1,631,151 in the last three months. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of HBAN remained flat at $12.89 during trading on Friday. 23,058,613 shares of the company's stock were exchanged, compared to its average volume of 17,288,994. The business's fifty day moving average is $15.21 and its 200-day moving average is $16.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a 1-year low of $11.92 and a 1-year high of $18.45. The firm has a market cap of $18.83 billion, a PE ratio of 10.48, a PEG ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) 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 last year, the business earned $0.27 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Wall Street Analyst Weigh In

HBAN has been the topic of several research analyst reports. Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Stephens reiterated an "equal weight" rating and set a $18.50 price target on shares of Huntington Bancshares in a research report on Friday, February 7th. Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.94.

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.