California State Teachers Retirement System Sells 26,279 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

California State Teachers Retirement System reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,367,502 shares of the bank’s stock after selling 26,279 shares during the quarter. California State Teachers Retirement System’s holdings in Huntington Bancshares were worth $31,204,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HBAN. Mackenzie Financial Corp boosted its stake in Huntington Bancshares by 9.9% in the 2nd quarter. Mackenzie Financial Corp now owns 106,372 shares of the bank’s stock worth $1,280,000 after purchasing an additional 9,598 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Huntington Bancshares by 8.6% during the second quarter. Brown Brothers Harriman & Co. now owns 9,865 shares of the bank’s stock valued at $119,000 after buying an additional 784 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Huntington Bancshares by 9.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 289,061 shares of the bank’s stock valued at $3,810,000 after acquiring an additional 23,788 shares during the period. Atria Investments LLC increased its position in shares of Huntington Bancshares by 20.0% in the 3rd quarter. Atria Investments LLC now owns 170,436 shares of the bank’s stock valued at $2,246,000 after acquiring an additional 28,457 shares during the period. Finally, Deutsche Bank AG raised its stake in Huntington Bancshares by 35.9% in the 2nd quarter. Deutsche Bank AG now owns 7,750,314 shares of the bank’s stock worth $93,235,000 after acquiring an additional 2,046,809 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Huntington Bancshares news, Director David L. Porteous sold 80,000 shares of the company’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $15.01, for a total transaction of $1,200,800.00. Following the completion of the transaction, the director now directly owns 62,845 shares in the company, valued at $943,303.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $10.34 on Friday. The firm has a market cap of $14.99 billion, a PE ratio of 7.13, a P/E/G ratio of 5.45 and a beta of 1.11. Huntington Bancshares Incorporated has a twelve month low of $9.94 and a twelve month high of $15.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $14.51 and a 200 day moving average price of $14.33.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 20th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Friday, March 17th. Huntington Bancshares’s payout ratio is 42.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HBAN. StockNews.com began coverage on Huntington Bancshares in a report on Thursday. They issued a “hold” rating on the stock. Wolfe Research lifted their price objective on shares of Huntington Bancshares from $13.00 to $14.00 in a research note on Thursday, December 1st. Royal Bank of Canada cut their price objective on shares of Huntington Bancshares from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. Piper Sandler decreased their target price on shares of Huntington Bancshares from $15.00 to $14.50 in a research report on Friday, March 10th. Finally, Morgan Stanley cut their price target on Huntington Bancshares from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 23rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.47.

Huntington Bancshares Profile

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Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services.