DekaBank Deutsche Girozentrale Sells 247,697 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

DekaBank Deutsche Girozentrale trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 29.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 591,465 shares of the bank's stock after selling 247,697 shares during the period. DekaBank Deutsche Girozentrale's holdings in Huntington Bancshares were worth $8,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of HBAN. Lazard Asset Management LLC increased its holdings in shares of Huntington Bancshares by 251,152.2% in the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank's stock valued at $2,417,000 after purchasing an additional 173,295 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Huntington Bancshares by 53.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank's stock valued at $22,577,000 after acquiring an additional 564,729 shares during the period. Heritage Wealth Management Inc. acquired a new stake in Huntington Bancshares during the second quarter worth approximately $744,000. SG Americas Securities LLC boosted its holdings in shares of Huntington Bancshares by 531.0% during the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock worth $15,166,000 after acquiring an additional 968,331 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Huntington Bancshares by 221.8% in the first quarter. Cetera Investment Advisers now owns 756,408 shares of the bank's stock valued at $10,552,000 after purchasing an additional 521,372 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent research reports. Jefferies Financial Group reduced their price target on Huntington Bancshares from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, July 3rd. Robert W. Baird lowered shares of Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 price target on the stock. in a research report on Friday, July 26th. Argus lifted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Royal Bank of Canada restated an "outperform" rating and set a $17.00 target price on shares of Huntington Bancshares in a research report on Friday, October 18th. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.09.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded down $0.15 during midday trading on Thursday, hitting $15.59. 11,763,177 shares of the company traded hands, compared to its average volume of 16,031,154. Huntington Bancshares Incorporated has a 12 month low of $9.49 and a 12 month high of $16.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market cap of $22.64 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 3.17 and a beta of 1.04. The firm's fifty day moving average price is $14.85 and its 200-day moving average price is $14.04.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly 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 company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the company earned $0.36 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by company 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.