Manning & Napier Advisors LLC Sells 46,899 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Manning & Napier Advisors LLC decreased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 550,173 shares of the bank's stock after selling 46,899 shares during the period. Manning & Napier Advisors LLC's holdings in Huntington Bancshares were worth $8,951,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth approximately $992,000. AXA S.A. lifted its position in shares of Huntington Bancshares by 113.2% during the 2nd quarter. AXA S.A. now owns 93,089 shares of the bank's stock worth $1,227,000 after buying an additional 49,425 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Huntington Bancshares by 14.2% in the second quarter. Mackenzie Financial Corp now owns 142,805 shares of the bank's stock valued at $1,882,000 after buying an additional 17,804 shares in the last quarter. Creative Planning grew its position in Huntington Bancshares by 15.0% in the second quarter. Creative Planning now owns 268,864 shares of the bank's stock valued at $3,544,000 after acquiring an additional 35,046 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Huntington Bancshares by 7.0% during the second quarter. NewEdge Advisors LLC now owns 216,807 shares of the bank's stock worth $2,858,000 after acquiring an additional 14,146 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Up 2.0 %

Shares of Huntington Bancshares stock traded up $0.34 on Thursday, hitting $17.51. The company had a trading volume of 9,997,844 shares, compared to its average volume of 18,860,053. The stock has a market capitalization of $25.43 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.39 and a beta of 1.07. 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 stock has a 50 day moving average of $16.98 and a 200-day moving average of $15.69. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the business posted $0.27 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.54%. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Analyst Ratings Changes

Several research firms recently weighed in on HBAN. DA Davidson raised their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a report on Monday, October 21st. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. Stephens reissued an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Finally, Citigroup increased their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average price target of $18.06.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

About Huntington Bancshares

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.