Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 4.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 92,028 shares of the bank’s stock after selling 4,055 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Huntington Bancshares were worth $957,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HBAN. Meiji Yasuda Asset Management Co Ltd. boosted its position in Huntington Bancshares by 1.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock worth $712,000 after purchasing an additional 830 shares during the period. Guardian Wealth Management Inc. boosted its position in Huntington Bancshares by 3.5% during the 1st quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock worth $363,000 after purchasing an additional 835 shares during the period. First Manhattan Co. boosted its position in Huntington Bancshares by 0.4% in the 4th quarter. First Manhattan Co. now owns 262,161 shares of the bank’s stock valued at $3,696,000 after buying an additional 974 shares during the last quarter. Infrastructure Capital Advisors LLC boosted its position in Huntington Bancshares by 5.2% in the 2nd quarter. Infrastructure Capital Advisors LLC now owns 19,784 shares of the bank’s stock valued at $213,000 after buying an additional 976 shares during the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in Huntington Bancshares by 2.5% in the 2nd quarter. United Capital Financial Advisers LLC now owns 41,748 shares of the bank’s stock valued at $450,000 after buying an additional 1,010 shares during the last quarter. 78.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Huntington Bancshares from $12.50 to $14.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Wolfe Research raised shares of Huntington Bancshares from an “underperform” rating to a “peer perform” rating in a research report on Monday, October 23rd. Morgan Stanley upped their price objective on shares of Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Citigroup upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Hold” and an average price target of $13.40.

Get Our Latest Research Report on Huntington Bancshares

Huntington Bancshares Trading Up 2.0 %

NASDAQ:HBAN opened at $12.66 on Tuesday. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $15.54. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $12.59 and a 200 day simple moving average of $11.40. The firm has a market capitalization of $18.33 billion, a P/E ratio of 10.21 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. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.90%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.00%.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the sale, the insider now directly owns 568,222 shares in the company, valued at approximately $7,483,483.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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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Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBANFree Report).

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

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