LJI Wealth Management LLC Sells 15,113 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

LJI Wealth Management LLC cut its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 26.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,801 shares of the bank's stock after selling 15,113 shares during the quarter. LJI Wealth Management LLC's holdings in Huntington Bancshares were worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after acquiring an additional 1,202 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Huntington Bancshares by 126.8% in the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after buying an additional 1,023 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at $32,000. Crews Bank & Trust bought a new stake in shares of Huntington Bancshares in the 4th quarter worth $58,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Huntington Bancshares in the fourth quarter worth $73,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HBAN. Stephens restated an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a research report on Friday, February 7th. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Evercore ISI upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Barclays raised their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.06.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded down $0.27 during trading on Wednesday, reaching $16.59. 14,262,396 shares of the stock traded hands, compared to its average volume of 19,353,172. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.41 and a beta of 1.07. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The business has a fifty day simple moving average of $16.79 and a two-hundred day simple moving average of $15.85.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.34 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 quarter in the prior year, the company posted $0.27 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

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.