New York State Teachers Retirement System Sells 50,183 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

New York State Teachers Retirement System lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,203,242 shares of the bank's stock after selling 50,183 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Huntington Bancshares worth $19,577,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the period. FMR LLC boosted its position in Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock worth $348,672,000 after purchasing an additional 3,410,597 shares during the period. Victory Capital Management Inc. boosted its position in Huntington Bancshares by 13.2% during the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after purchasing an additional 2,363,988 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Huntington Bancshares by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock worth $921,778,000 after purchasing an additional 1,522,767 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Huntington Bancshares by 37.4% during the third quarter. Point72 Asset Management L.P. now owns 4,402,801 shares of the bank's stock worth $64,721,000 after purchasing an additional 1,199,012 shares during the period. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Price Performance

Shares of HBAN stock traded down $0.41 during trading hours on Thursday, hitting $16.42. 19,212,529 shares of the company's stock were exchanged, compared to its average volume of 19,184,242. The company has a market capitalization of $23.87 billion, a PE ratio of 13.35, a PEG ratio of 1.37 and a beta of 1.07. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44. The business's 50 day simple moving average is $16.72 and its 200-day simple moving average is $15.92. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 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. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is 50.41%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HBAN shares. Keefe, Bruyette & Woods increased their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Barclays increased their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Evercore ISI increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, Citigroup increased their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. One 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.06.

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.