Cibc World Markets Corp Sells 52,005 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Cibc World Markets Corp cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,199 shares of the bank's stock after selling 52,005 shares during the quarter. Cibc World Markets Corp's holdings in Huntington Bancshares were worth $3,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBAN. Arvest Bank Trust Division bought a new position in shares of Huntington Bancshares in the 3rd quarter valued at $2,381,000. Mediolanum International Funds Ltd acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $422,000. Donoghue Forlines LLC bought a new position in shares of Huntington Bancshares during the fourth quarter valued at $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock worth $12,414,000 after purchasing an additional 44,662 shares during the period. Finally, Petiole USA ltd acquired a new stake in Huntington Bancshares in the third quarter valued at $3,454,000. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on HBAN shares. Keefe, Bruyette & Woods lifted their target price on Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their target price 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. JPMorgan Chase & Co. restated an "overweight" rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, March 7th. Finally, Citigroup dropped their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and a consensus target price of $18.18.

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Huntington Bancshares Stock Down 0.2 %

Shares of NASDAQ:HBAN traded down $0.03 during midday trading on Tuesday, hitting $15.32. 17,939,648 shares of the company's stock were exchanged, compared to its average volume of 16,336,857. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.45. The company has a market cap of $22.38 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. 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 stock has a 50 day moving average price of $16.21 and a 200-day moving average price of $16.14.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share 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 period last year, the firm earned $0.27 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.05%. Huntington Bancshares's dividend payout ratio is currently 50.41%.

Insider Activity at Huntington Bancshares

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

Huntington Bancshares Company 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.