Todd Asset Management LLC Reduces Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Todd Asset Management LLC lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 53,579 shares of the bank’s stock after selling 1,014 shares during the period. Todd Asset Management LLC’s holdings in Huntington Bancshares were worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. raised its stake in Huntington Bancshares by 5.8% during the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock worth $196,000 after acquiring an additional 837 shares during the period. Blue Trust Inc. lifted its holdings in shares of Huntington Bancshares by 12.0% in the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after purchasing an additional 904 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in Huntington Bancshares by 23.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 5,021 shares of the bank’s stock valued at $64,000 after purchasing an additional 949 shares during the period. Baker Avenue Asset Management LP grew its stake in Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after buying an additional 963 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in Huntington Bancshares by 8.9% in the third quarter. Ausdal Financial Partners Inc. now owns 12,217 shares of the bank’s stock worth $127,000 after buying an additional 1,000 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock traded up $0.13 during midday trading on Friday, hitting $13.80. The company’s stock had a trading volume of 9,181,550 shares, compared to its average volume of 17,355,142. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $20.00 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.53 and a beta of 1.09. The stock’s 50-day moving average price is $13.44 and its 200-day moving average price is $12.38.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company earned $0.38 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

Analyst Ratings Changes

Several equities analysts have recently commented on HBAN shares. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. Citigroup raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Jefferies Financial Group raised Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Evercore ISI increased their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.17.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. In the last three months, insiders sold 208,381 shares of company stock valued at $2,814,291. 0.89% of the stock is owned by insiders.

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.