Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,835 shares of the bank’s stock after selling 2,590 shares during the period. Insigneo Advisory Services LLC’s holdings in Huntington Bancshares were worth $159,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its stake in shares of Huntington Bancshares by 131.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 37,591 shares of the bank’s stock valued at $553,000 after acquiring an additional 21,357 shares during the last quarter. State Street Corp boosted its position in Huntington Bancshares by 10.3% during the 3rd 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. Systematic Financial Management LP increased its holdings in Huntington Bancshares by 35.6% in the 3rd quarter. Systematic Financial Management LP now owns 115,010 shares of the bank’s stock valued at $1,691,000 after purchasing an additional 30,195 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Huntington Bancshares by 13.7% during the third quarter. Quantinno Capital Management LP now owns 117,036 shares of the bank’s stock valued at $1,720,000 after purchasing an additional 14,089 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in Huntington Bancshares by 3.5% in the third quarter. Royal London Asset Management Ltd. now owns 552,112 shares of the bank’s stock valued at $8,116,000 after buying an additional 18,699 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the company’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 transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,699 shares of company stock valued at $757,356. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HBAN shares. Keefe, Bruyette & Woods raised their target price 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. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. Barclays lifted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Citigroup raised their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.24.

Huntington Bancshares Trading Down 1.9 %

Shares of Huntington Bancshares stock opened at $17.28 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market capitalization of $25.10 billion, a P/E ratio of 16.62, a P/E/G 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 stock’s 50-day simple moving average is $16.42 and its 200 day simple moving average is $14.76.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the previous year, the business earned $0.36 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is 59.62%.

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.