Creative Planning Cuts Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Creative Planning reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 13.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 232,512 shares of the bank's stock after selling 36,352 shares during the period. Creative Planning's holdings in Huntington Bancshares were worth $3,418,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Boston Partners grew its position in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank's stock worth $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. increased its position in Huntington Bancshares by 0.4% in the 2nd quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank's stock valued at $236,640,000 after acquiring an additional 65,355 shares during the period. Dimensional Fund Advisors LP raised its stake in Huntington Bancshares by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank's stock valued at $208,346,000 after acquiring an additional 561,565 shares during the last quarter. Hsbc Holdings PLC raised its stake in Huntington Bancshares by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank's stock valued at $85,940,000 after acquiring an additional 566,015 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Huntington Bancshares by 832.7% during the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank's stock worth $46,927,000 after acquiring an additional 2,979,768 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on HBAN. Bank of America upped their price target on Huntington Bancshares from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Robert W. Baird downgraded shares of Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 target price on the stock. in a report on Friday, July 26th. DA Davidson increased 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. Finally, Citigroup raised their price objective 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.03.

Insiders Place Their Bets

In other news, insider Helga Houston sold 11,288 shares of the business's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now owns 618,832 shares of the company's stock, valued at $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Helga Houston sold 11,288 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the transaction, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,793 shares of company stock valued at $405,439 in the last ninety days. Insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

Shares of HBAN stock traded down $0.18 during trading hours on Friday, hitting $15.38. The company's stock had a trading volume of 8,416,378 shares, compared to its average volume of 13,395,976. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $14.75 and a 200-day moving average of $13.99. Huntington Bancshares Incorporated has a twelve month low of $9.35 and a twelve month high of $16.03. The stock has a market cap of $22.34 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 3.17 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.2 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.03%. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

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.