Gotham Asset Management LLC lessened its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 30.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,061 shares of the bank’s stock after selling 29,084 shares during the period. Gotham Asset Management LLC’s holdings in Huntington Bancshares were worth $907,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of HBAN. Teachers Advisors LLC raised its holdings in shares of Huntington Bancshares by 37.1% during the 1st quarter. Teachers Advisors LLC now owns 5,580,551 shares of the bank’s stock worth $74,724,000 after acquiring an additional 1,511,023 shares during the period. Teacher Retirement System of Texas increased its position in shares of Huntington Bancshares by 3.4% during the 1st quarter. Teacher Retirement System of Texas now owns 11,525 shares of the bank’s stock worth $154,000 after purchasing an additional 376 shares during the last quarter. Bluestein R H & Co. acquired a new stake in shares of Huntington Bancshares during the 1st quarter worth about $166,000. Geode Capital Management LLC increased its position in shares of Huntington Bancshares by 8.6% during the 1st quarter. Geode Capital Management LLC now owns 11,751,388 shares of the bank’s stock worth $157,150,000 after purchasing an additional 928,231 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Huntington Bancshares in the 1st quarter valued at about $712,000. Institutional investors and hedge funds own 74.01% of the company’s stock.
Several research firms have weighed in on HBAN. FBR & Co reaffirmed a “hold” rating and issued a $14.00 target price on shares of Huntington Bancshares in a research report on Thursday. Nomura boosted their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets downgraded Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research report on Thursday. Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $14.25 target price on shares of Huntington Bancshares in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.22.
In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total transaction of $203,360.00. Following the completion of the transaction, the executive vice president now owns 447,722 shares of the company’s stock, valued at approximately $5,690,546.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website
. 1.30% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: “Gotham Asset Management LLC Has $907,000 Stake in Huntington Bancshares Incorporated (HBAN)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/27/gotham-asset-management-llc-sells-29084-shares-of-huntington-bancshares-incorporated-hban.html.
Shares of Huntington Bancshares Incorporated (HBAN) traded up 0.07% during mid-day trading on Friday, hitting $13.92. The stock had a trading volume of 3,332,859 shares. The firm has a market cap of $15.17 billion, a P/E ratio of 19.28 and a beta of 1.38. The company has a 50 day moving average price of $13.51 and a 200 day moving average price of $13.15. Huntington Bancshares Incorporated has a 12-month low of $10.07 and a 12-month high of $14.74.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $0.11 EPS. Equities analysts forecast that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, December 15th. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s payout ratio is currently 39.51%.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company 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, and other financial products and services.
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