Advisors Asset Management Inc. lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 48.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,265 shares of the bank's stock after selling 44,094 shares during the period. Advisors Asset Management Inc.'s holdings in Huntington Bancshares were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Boston Partners raised its stake in Huntington Bancshares by 20.4% in the first quarter. Boston Partners now owns 56,175,987 shares of the bank's stock valued at $783,215,000 after purchasing an additional 9,533,511 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Huntington Bancshares by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after buying an additional 2,363,988 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Huntington Bancshares by 194.8% in the second quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank's stock worth $42,226,000 after buying an additional 2,116,839 shares in the last quarter. SG Americas Securities LLC grew its position in Huntington Bancshares by 531.0% during the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock valued at $15,166,000 after acquiring an additional 968,331 shares during the last quarter. Finally, Interval Partners LP purchased a new position in shares of Huntington Bancshares during the second quarter worth approximately $10,289,000. 80.72% of the stock is owned by institutional investors.
Huntington Bancshares Stock Down 0.8 %
NASDAQ:HBAN traded down $0.14 on Wednesday, reaching $18.00. 8,897,428 shares of the stock traded hands, compared to its average volume of 15,994,188. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $26.15 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 3.63 and a beta of 1.03. Huntington Bancshares Incorporated has a 12 month low of $10.73 and a 12 month high of $18.44. The company's fifty day simple moving average is $15.86 and its 200 day simple moving average is $14.53.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.36 earnings per share. Equities analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.
Analyst Ratings Changes
HBAN has been the topic of a number of recent analyst reports. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, October 18th. Barclays boosted their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a research report on Friday, October 18th. Citigroup lifted their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, DA Davidson increased their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $16.62.
Read Our Latest Report on Huntington Bancshares
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company's stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Helga Houston sold 6,455 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,699 shares of company stock worth $757,356. Company insiders own 0.92% of the company's stock.
Huntington Bancshares Profile
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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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