Stifel Financial Corp Decreases Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Stifel Financial Corp lessened its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,125,254 shares of the bank's stock after selling 41,466 shares during the period. Stifel Financial Corp owned about 0.08% of Huntington Bancshares worth $16,541,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in HBAN. FMR LLC boosted its stake in shares of Huntington Bancshares by 16.8% in the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after purchasing an additional 3,410,597 shares during the period. Victory Capital Management Inc. lifted its holdings in Huntington Bancshares by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after buying an additional 2,363,988 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Huntington Bancshares by 194.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank's stock valued at $42,226,000 after buying an additional 2,116,839 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Huntington Bancshares by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock worth $921,778,000 after acquiring an additional 1,522,767 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Huntington Bancshares by 58.2% during the third 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. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HBAN. Evercore ISI upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on shares of Huntington Bancshares from $15.00 to $17.50 and gave the company an "underweight" rating in a research report on Tuesday, December 3rd. Citigroup lifted their price objective 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. Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, StockNews.com cut Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Wednesday, December 4th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.24.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred 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 sale, the insider now owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock valued at $757,356 over the last quarter. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Performance

Shares of HBAN traded up $0.23 during mid-day trading on Wednesday, hitting $17.47. 12,095,205 shares of the company's stock were exchanged, compared to its average volume of 15,823,545. The firm has a market capitalization of $25.38 billion, a P/E ratio of 16.58, a P/E/G ratio of 3.51 and a beta of 1.06. Huntington Bancshares Incorporated has a fifty-two week low of $11.77 and a fifty-two week high of $18.44. The business's 50 day moving average is $16.47 and its two-hundred day moving average is $14.79. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its 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. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.36 EPS. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced 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 3.55%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) 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.