UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,491,058 shares of the bank's stock after selling 643,124 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.86% of Huntington Bancshares worth $183,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC boosted its holdings in 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 stake in Huntington Bancshares in the third quarter worth approximately $29,000. Future Financial Wealth Managment LLC purchased a new stake in Huntington Bancshares in the third quarter worth approximately $31,000. Fortitude Family Office LLC purchased a new stake in Huntington Bancshares in the third quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after purchasing an additional 2,003 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred 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 directly owns 558,342 shares of the company's stock, valued at $8,615,217.06. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,699 shares of company stock valued at $757,356. Company insiders own 0.89% of the company's stock.

Huntington Bancshares Trading Up 0.1 %

Shares of HBAN stock traded up $0.01 during trading hours on Friday, reaching $18.01. 6,349,220 shares of the stock were exchanged, compared to its average volume of 14,999,810. Huntington Bancshares Incorporated has a 12-month low of $11.10 and a 12-month high of $18.44. 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 company's 50-day moving average price is $16.05 and its 200-day moving average price is $14.61. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm earned $0.36 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.44%. Huntington Bancshares's payout ratio is presently 59.62%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HBAN shares. StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Friday, October 18th. DA Davidson lifted their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Monday, October 21st. The Goldman Sachs Group lifted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Citigroup lifted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.62.

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.