Glenmede Trust Co. NA Sells 119,692 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Glenmede Trust Co. NA lessened its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,377 shares of the bank's stock after selling 119,692 shares during the quarter. Glenmede Trust Co. NA's holdings in Huntington Bancshares were worth $623,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in HBAN. Townsquare Capital LLC raised its holdings in Huntington Bancshares by 37.8% in the 3rd quarter. Townsquare Capital LLC now owns 46,134 shares of the bank's stock valued at $678,000 after acquiring an additional 12,660 shares in the last quarter. Cadence Bank increased its holdings in Huntington Bancshares by 15.4% in the 3rd quarter. Cadence Bank now owns 21,269 shares of the bank's stock valued at $313,000 after buying an additional 2,838 shares during the period. Transamerica Financial Advisors Inc. raised its stake in shares of Huntington Bancshares by 18.9% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 6,230 shares of the bank's stock valued at $92,000 after buying an additional 990 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Huntington Bancshares by 58.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,198,776 shares of the bank's stock worth $47,022,000 after acquiring an additional 1,176,306 shares during the period. Finally, Petiole USA ltd acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $3,454,000. Institutional investors own 80.72% of the company's stock.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday. Citigroup upped their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Sandler O'Neill reiterated a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Finally, Evercore ISI lifted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.24.

Huntington Bancshares Stock Down 0.7 %

Shares of HBAN traded down $0.13 during mid-day trading on Wednesday, hitting $17.50. 6,812,738 shares of the company's stock were exchanged, compared to its average volume of 15,862,930. Huntington Bancshares Incorporated has a 52 week low of $11.57 and a 52 week high of $18.44. The company has a 50-day simple moving average of $16.18 and a 200 day simple moving average of $14.66. The company has a market cap of $25.42 billion, a PE ratio of 16.82, a P/E/G ratio of 3.55 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm 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 period in the previous year, the firm posted $0.36 EPS. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Insider Activity at Huntington Bancshares

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

Huntington Bancshares 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.