Y Intercept Hong Kong Ltd Has $1.55 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Y Intercept Hong Kong Ltd reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 27.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,094 shares of the bank's stock after selling 40,425 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Huntington Bancshares were worth $1,545,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 200.7% during the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. increased its position in shares of Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after acquiring an additional 2,003 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Huntington Bancshares in the third quarter valued at $31,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter worth about $32,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock traded up $0.15 on Wednesday, hitting $17.39. The company had a trading volume of 16,226,740 shares, compared to its average volume of 15,843,384. The business has a 50-day simple moving average of $16.47 and a 200-day simple moving average of $14.79. The company has a market cap of $25.26 billion, a PE ratio of 16.58, a PEG ratio of 3.51 and a beta of 1.06. Huntington Bancshares Incorporated has a 52 week low of $11.77 and a 52 week high of $18.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share 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 business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.36 earnings per share. Research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 6,455 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now 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 three months, insiders sold 43,699 shares of company stock valued at $757,356. Company insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HBAN shares. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a report 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. StockNews.com lowered shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.24.

About Huntington Bancshares

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.