TD Private Client Wealth LLC Sells 31,580 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

TD Private Client Wealth LLC lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,778 shares of the bank's stock after selling 31,580 shares during the period. TD Private Client Wealth LLC's holdings in Huntington Bancshares were worth $3,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Huntington Bancshares during the fourth quarter worth about $150,444,000. State Street Corp grew its holdings in shares of Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after purchasing an additional 7,439,909 shares during the last quarter. Amundi increased its position in Huntington Bancshares by 26.7% during the 4th quarter. Amundi now owns 17,435,207 shares of the bank's stock worth $286,460,000 after purchasing an additional 3,671,235 shares in the last quarter. FMR LLC lifted its stake in Huntington Bancshares by 16.8% in the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after purchasing an additional 3,410,597 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Huntington Bancshares by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank's stock valued at $1,056,353,000 after buying an additional 2,218,020 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

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Huntington Bancshares Trading Down 0.2 %

Shares of Huntington Bancshares stock traded down $0.03 on Tuesday, hitting $15.32. 17,940,982 shares of the company's stock traded hands, compared to its average volume of 16,363,538. The company has a market capitalization of $22.38 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a fifty day moving average of $16.18 and a two-hundred day moving average of $16.14. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data 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 business posted $0.27 earnings per share. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HBAN. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Barclays lifted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Citigroup lowered their price objective on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.18.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the transaction, the vice president now directly owns 453,129 shares of the company's stock, valued at approximately $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares of the company's stock, valued at approximately $4,825,036.44. The trade was a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.89% of the company's stock.

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.