Los Angeles Capital Management LLC Sells 478,867 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Los Angeles Capital Management LLC lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 65.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 250,669 shares of the bank's stock after selling 478,867 shares during the quarter. Los Angeles Capital Management LLC's holdings in Huntington Bancshares were worth $3,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HBAN. Asset Dedication LLC increased its position in Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after acquiring an additional 1,202 shares during the last quarter. Peoples Bank KS bought a new position in Huntington Bancshares in the 3rd quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares during the 3rd quarter valued at $31,000. Fortitude Family Office LLC acquired a new position in Huntington Bancshares during the 3rd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after acquiring an additional 2,003 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.6 %

HBAN traded down $0.10 during trading on Wednesday, hitting $17.54. The company had a trading volume of 13,395,415 shares, compared to its average volume of 16,116,457. The company has a market capitalization of $25.48 billion, a PE ratio of 16.87, a PEG ratio of 3.58 and a beta of 1.03. Huntington Bancshares Incorporated has a one year low of $10.55 and a one year high of $17.97. The firm's 50-day moving average price is $15.20 and its 200 day moving average price is $14.25. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates 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 business posted $0.36 EPS. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is presently 59.62%.

Insider Activity

In related news, insider Helga Houston sold 6,455 shares of the 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 sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HBAN shares. Citigroup boosted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Monday, July 22nd. DA Davidson lifted their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a report on Monday, October 21st. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price target on shares of Huntington Bancshares in a research report on Friday, October 18th. Bank of America lifted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Finally, Barclays upped 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 note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.09.

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.