Burney Co. Decreases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Burney Co. lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 31,211 shares of the bank’s stock after selling 1,758 shares during the quarter. Burney Co.’s holdings in Huntington Bancshares were worth $325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Huntington Bancshares by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 162,794,916 shares of the bank’s stock valued at $2,380,062,000 after purchasing an additional 2,353,575 shares in the last quarter. BlackRock Inc. lifted its holdings in Huntington Bancshares by 0.5% in the 1st quarter. BlackRock Inc. now owns 137,586,195 shares of the bank’s stock valued at $1,540,965,000 after purchasing an additional 652,310 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Huntington Bancshares by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock valued at $468,725,000 after purchasing an additional 245,025 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Huntington Bancshares by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 32,460,677 shares of the bank’s stock worth $349,061,000 after acquiring an additional 639,702 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Huntington Bancshares by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,327,949 shares of the bank’s stock worth $350,873,000 after acquiring an additional 232,098 shares during the period. Hedge funds and other institutional investors own 78.68% of the company’s stock.

Huntington Bancshares Price Performance

HBAN stock opened at $12.41 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $15.54. The business has a 50 day moving average price of $12.58 and a 200 day moving average price of $11.40. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 10.01 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Friday, March 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HBAN. Citigroup lifted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $12.00 to $15.00 in a report on Tuesday, January 2nd. StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Wolfe Research upgraded shares of Huntington Bancshares from an “underperform” rating to a “peer perform” rating in a report on Monday, October 23rd. Finally, Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.40.

View Our Latest Stock Report on Huntington Bancshares

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 28,700 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the transaction, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Company Profile

(Free Report)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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