New York State Teachers Retirement System Lowers Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

New York State Teachers Retirement System trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,253,425 shares of the bank's stock after selling 97,436 shares during the period. New York State Teachers Retirement System owned 0.09% of Huntington Bancshares worth $18,425,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC increased its position in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Peoples Bank KS purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter worth $31,000. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after acquiring an additional 2,003 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on HBAN shares. Baird R W cut Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $15.00 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. Barclays lifted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Finally, Robert W. Baird cut shares of Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 price objective for the company. in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $16.09.

Huntington Bancshares Trading Down 0.7 %

Shares of Huntington Bancshares stock traded down $0.11 during midday trading on Friday, reaching $15.48. 11,727,267 shares of the company's stock traded hands, compared to its average volume of 16,010,854. The company has a market cap of $22.49 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 3.21 and a beta of 1.03. The stock has a 50 day moving average of $14.90 and a 200-day moving average of $14.07. Huntington Bancshares Incorporated has a 12 month low of $9.75 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.

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

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.

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.