Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by River Global Investors LLP

River Global Investors LLP lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,599 shares of the bank’s stock after selling 963 shares during the period. River Global Investors LLP’s holdings in Huntington Bancshares were worth $1,675,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sapient Capital LLC acquired a new position in Huntington Bancshares in the 4th quarter worth about $167,000. Axxcess Wealth Management LLC boosted its holdings in Huntington Bancshares by 21.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 76,738 shares of the bank’s stock valued at $976,000 after purchasing an additional 13,357 shares during the period. M&T Bank Corp grew its position in Huntington Bancshares by 9.3% in the 4th quarter. M&T Bank Corp now owns 48,717 shares of the bank’s stock worth $620,000 after purchasing an additional 4,155 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Huntington Bancshares during the 4th quarter worth about $180,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Huntington Bancshares by 125.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 67,978 shares of the bank’s stock valued at $865,000 after buying an additional 37,828 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Insider Activity

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

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN traded up $0.13 during mid-day trading on Friday, reaching $13.80. The company had a trading volume of 9,181,550 shares, compared to its average volume of 17,355,142. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The business’s 50-day simple moving average is $13.44 and its 200 day simple moving average is $12.39. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.55 and a beta of 1.09.

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

Huntington Bancshares Announces Dividend

The firm also recently announced 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 dividend yield of 4.49%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HBAN shares. Evercore ISI increased their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $16.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.17.

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.