Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Windsor Advisory Group LLC

Windsor Advisory Group LLC lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 24.5% in the 4th quarter, HoldingsChannel reports. The fund owned 105,309 shares of the bank’s stock after selling 34,184 shares during the period. Huntington Bancshares accounts for about 4.0% of Windsor Advisory Group LLC’s portfolio, making the stock its 8th biggest holding. Windsor Advisory Group LLC’s holdings in Huntington Bancshares were worth $1,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management acquired a new position in Huntington Bancshares during the 2nd quarter worth approximately $25,000. Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $33,000. Clear Street Markets LLC boosted its holdings in shares of Huntington Bancshares by 81.6% in the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after buying an additional 1,272 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $35,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HBAN shares. Morgan Stanley increased their price target on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Citigroup increased their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.00 in a research note on Wednesday, February 14th. Finally, Raymond James increased their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.84.

Insider Activity

In other news, insider Helga Houston sold 28,700 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the transaction, the insider now owns 568,222 shares in the company, valued at approximately $7,483,483.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Helga Houston sold 28,700 shares of the stock in a transaction dated Tuesday, January 30th. The shares were 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 of the company’s stock, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders sold 102,241 shares of company stock worth $1,360,359 in the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Down 1.6 %

Shares of Huntington Bancshares stock opened at $13.73 on Tuesday. The firm has a fifty day moving average of $13.05 and a two-hundred day moving average of $11.85. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $19.91 billion, a P/E ratio of 11.07 and a beta of 1.11. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $13.97.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted $0.43 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a $0.155 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.52%. Huntington Bancshares’s dividend payout ratio is presently 50.00%.

About Huntington Bancshares

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.