Fortem Financial Group LLC Sells 68,081 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Fortem Financial Group LLC cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 45.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,623 shares of the bank's stock after selling 68,081 shares during the period. Fortem Financial Group LLC's holdings in Huntington Bancshares were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Huntington Bancshares by 1.4% during the third quarter. Toronto Dominion Bank now owns 719,238 shares of the bank's stock worth $10,573,000 after buying an additional 10,009 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Huntington Bancshares by 8.6% in the third quarter. Coldstream Capital Management Inc. now owns 47,405 shares of the bank's stock valued at $706,000 after purchasing an additional 3,751 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Huntington Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock worth $540,422,000 after purchasing an additional 473,893 shares in the last quarter. M&T Bank Corp boosted its holdings in Huntington Bancshares by 12.4% during the third quarter. M&T Bank Corp now owns 59,799 shares of the bank's stock worth $879,000 after purchasing an additional 6,578 shares during the last quarter. Finally, Executive Wealth Management LLC bought a new position in Huntington Bancshares in the third quarter valued at $357,000. Institutional investors own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price target on shares of Huntington Bancshares in a research note on Friday, October 18th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. StockNews.com cut shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Wednesday, December 4th. DA Davidson lifted their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average price target of $17.24.

Huntington Bancshares Price Performance

Shares of HBAN stock traded up $0.15 on Wednesday, hitting $17.39. 16,226,726 shares of the company's stock were exchanged, compared to its average volume of 15,843,383. The company has a 50 day moving average of $16.47 and a 200 day moving average of $14.79. The stock has a market cap of $25.26 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 3.51 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 Incorporated has a 12 month low of $11.77 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion during 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 quarter in the prior year, the business earned $0.36 earnings per share. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.57%. Huntington Bancshares's payout ratio is presently 59.62%.

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.