Macnealy Hoover Investment Management Inc. decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,724 shares of the bank’s stock after selling 10,296 shares during the period. Huntington Bancshares accounts for about 1.9% of Macnealy Hoover Investment Management Inc.’s portfolio, making the stock its 15th biggest position. Macnealy Hoover Investment Management Inc.’s holdings in Huntington Bancshares were worth $2,690,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Huntington Bancshares by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 2,072,978 shares of the bank’s stock valued at $28,939,000 after purchasing an additional 58,161 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Huntington Bancshares by 39.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 723,671 shares of the bank’s stock worth $10,102,000 after buying an additional 205,325 shares during the period. Toronto Dominion Bank raised its stake in Huntington Bancshares by 25.4% during the 2nd quarter. Toronto Dominion Bank now owns 369,480 shares of the bank’s stock worth $4,994,000 after buying an additional 74,932 shares during the period. Capital International Investors raised its stake in Huntington Bancshares by 13.2% during the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock worth $694,080,000 after buying an additional 5,800,000 shares during the period. Finally, Point72 Europe London LLP acquired a new position in Huntington Bancshares during the 2nd quarter worth approximately $6,417,000. Institutional investors own 73.70% of the company’s stock.
A number of research firms recently weighed in on HBAN. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, January 9th. Barclays upped their price target on Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $15.50 price target on shares of Huntington Bancshares in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.25 price target on shares of Huntington Bancshares in a research note on Friday, December 22nd. Finally, BidaskClub downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.31.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Helga Houston sold 14,513 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) traded up $0.30 during trading on Friday, hitting $15.81. The stock had a trading volume of 9,001,578 shares, compared to its average volume of 10,401,700. The stock has a market capitalization of $17,090.00, a P/E ratio of 19.05, a PEG ratio of 1.23 and a beta of 1.33. Huntington Bancshares Incorporated has a 12-month low of $12.14 and a 12-month high of $16.00. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same period last year, the company earned $0.11 earnings per share. equities analysts expect that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.
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About Huntington Bancshares
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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