Strs Ohio reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.0% during the first quarter, HoldingsChannel reports. The firm owned 35,401 shares of the bank’s stock after selling 7,789 shares during the quarter. Strs Ohio’s holdings in Huntington Bancshares were worth $448,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of HBAN. Boston Partners lifted its holdings in shares of Huntington Bancshares by 54.3% in the 4th quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock worth $589,451,000 after purchasing an additional 17,411,546 shares in the last quarter. Norges Bank bought a new position in shares of Huntington Bancshares in the 4th quarter worth $105,381,000. Bessemer Group Inc. lifted its holdings in shares of Huntington Bancshares by 71,683.5% in the 4th quarter. Bessemer Group Inc. now owns 4,963,826 shares of the bank’s stock worth $59,169,000 after purchasing an additional 4,956,911 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Huntington Bancshares by 6.3% in the 4th quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock worth $879,523,000 after purchasing an additional 4,341,210 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of Huntington Bancshares by 5,477.5% in the 4th quarter. APG Asset Management N.V. now owns 2,454,100 shares of the bank’s stock worth $25,590,000 after purchasing an additional 2,410,100 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.
In other news, EVP Daniel J. Neumeyer sold 60,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total transaction of $822,600.00. Following the completion of the sale, the executive vice president now directly owns 356,615 shares of the company’s stock, valued at approximately $4,889,191.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kathleen H. Ransier sold 3,067 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,453 shares of company stock valued at $1,403,630. Insiders own 1.22% of the company’s stock.
Several equities analysts have weighed in on HBAN shares. BidaskClub upgraded Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. Jefferies Financial Group cut Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research note on Monday, January 28th. Vining Sparks restated a “buy” rating and set a $18.00 price objective on shares of Huntington Bancshares in a research note on Thursday, January 24th. ValuEngine upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.10.
Shares of Huntington Bancshares stock opened at $13.54 on Thursday. Huntington Bancshares Incorporated has a 1 year low of $11.12 and a 1 year high of $16.52. The firm has a market cap of $14.17 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.92.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $0.28 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Huntington Bancshares Incorporated will post 1.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio is presently 46.67%.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
Further Reading: Derivative
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