River Global Investors LLP Cuts Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

River Global Investors LLP decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,599 shares of the bank’s stock after selling 963 shares during the period. River Global Investors LLP’s holdings in Huntington Bancshares were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $29,000. Planned Solutions Inc. purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at approximately $35,000. Baker Avenue Asset Management LP lifted its holdings in shares of Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after acquiring an additional 963 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.0 %

NASDAQ HBAN traded up $0.13 during trading on Friday, reaching $13.80. 9,181,550 shares of the company’s stock were exchanged, compared to its average volume of 17,355,142. The company has a 50 day moving average price of $13.44 and a two-hundred day moving average price of $12.39. The stock has a market cap of $20.00 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09. Huntington Bancshares Incorporated has a 1 year low of $9.13 and a 1 year high of $14.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Insider Buying and Selling

In related news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the transaction, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 208,381 shares of company stock worth $2,814,291 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on HBAN shares. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Jefferies Financial Group upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $15.00 in a research note on Wednesday, February 14th. Finally, Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Huntington Bancshares Company Profile

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.