Greenleaf Trust reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 405,776 shares of the bank's stock after selling 108,063 shares during the quarter. Greenleaf Trust's holdings in Huntington Bancshares were worth $6,602,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Huntington Bancshares by 10.3% in the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the last quarter. FMR LLC grew its holdings in shares of Huntington Bancshares by 16.8% in the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank's stock worth $348,672,000 after purchasing an additional 3,410,597 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after purchasing an additional 2,363,988 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Huntington Bancshares by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock worth $921,778,000 after purchasing an additional 1,522,767 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Huntington Bancshares by 37.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,402,801 shares of the bank's stock worth $64,721,000 after acquiring an additional 1,199,012 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Huntington Bancshares Price Performance
HBAN stock traded up $0.02 during midday trading on Wednesday, reaching $16.89. The company had a trading volume of 13,613,031 shares, compared to its average volume of 19,132,184. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The stock has a 50 day moving average price of $16.90 and a 200-day moving average price of $15.78. 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 current ratio of 0.89 and a quick ratio of 0.88.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released 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 in the previous year, the firm earned $0.27 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Evercore ISI upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. 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, Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 21st. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.06.
Get Our Latest Research Report on Huntington Bancshares
Insider Transactions at Huntington Bancshares
In related news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction 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 directly owns 496,076 shares of the company's stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.92% of the company's stock.
About Huntington Bancshares
(
Free Report)
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.
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