GTS Securities LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 72.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,710 shares of the bank’s stock after selling 31,324 shares during the quarter. GTS Securities LLC’s holdings in Huntington Bancshares were worth $208,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Values First Advisors Inc. grew its holdings in Huntington Bancshares by 3.0% in the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after buying an additional 604 shares during the period. MCF Advisors LLC grew its holdings in Huntington Bancshares by 12.6% in the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after purchasing an additional 609 shares during the period. Vestor Capital LLC increased its position in Huntington Bancshares by 13.0% during the first quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock worth $88,000 after purchasing an additional 648 shares during the last quarter. Balboa Wealth Partners increased its position in Huntington Bancshares by 2.5% during the first quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after purchasing an additional 662 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its stake in Huntington Bancshares by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after purchasing an additional 694 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.
Huntington Bancshares Stock Down 1.4%
Shares of NASDAQ HBAN opened at $16.68 on Tuesday. The stock has a fifty day moving average price of $17.58 and a 200 day moving average price of $16.79. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a market cap of $33.70 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.80 and a beta of 0.94.
Huntington Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.7%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on HBAN shares. Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lifted their target price on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Morgan Stanley reissued an “equal weight” rating and set a $19.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Wells Fargo & Company started coverage on Huntington Bancshares in a research note on Monday, August 17th. They set an “overweight” rating and a $23.00 price target for the company. Finally, Evercore reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.
Read Our Latest Analysis on Huntington Bancshares
Insider Activity
In other news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 262,061 shares of company stock worth $4,549,432 over the last 90 days. Company insiders own 0.67% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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