Tredje AP fonden Sells 107,475 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Tredje AP fonden lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 25.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 307,476 shares of the bank's stock after selling 107,475 shares during the period. Tredje AP fonden's holdings in Huntington Bancshares were worth $5,003,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arvest Bank Trust Division bought a new stake in Huntington Bancshares during the 3rd quarter worth about $2,381,000. Mediolanum International Funds Ltd acquired a new position in shares of Huntington Bancshares during the fourth quarter worth approximately $422,000. Donoghue Forlines LLC bought a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock valued at $12,414,000 after purchasing an additional 44,662 shares in the last quarter. Finally, Petiole USA ltd acquired a new position in Huntington Bancshares during the 3rd quarter worth $3,454,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HBAN shares. Morgan Stanley dropped their target price on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Citigroup boosted their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Stephens reaffirmed an "equal weight" rating and issued a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective on the stock in a report on Friday, March 7th. Finally, Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.35.

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Huntington Bancshares Stock Up 0.1 %

NASDAQ HBAN traded up $0.01 during trading hours on Tuesday, reaching $14.76. 23,168,225 shares of the company's stock were exchanged, compared to its average volume of 15,936,741. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $21.56 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company's 50-day moving average is $16.34 and its two-hundred day moving average is $16.13. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.20%. Huntington Bancshares's dividend payout ratio is currently 50.41%.

Insider Buying and Selling

In related news, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now owns 335,538 shares of the company's stock, valued at approximately $4,825,036.44. The trade was a 10.28 % 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, VP Scott D. Kleinman sold 69,088 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

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.