Nisa Investment Advisors LLC decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 339,461 shares of the bank’s stock after selling 5,956 shares during the period. Nisa Investment Advisors LLC’s holdings in Huntington Bancshares were worth $4,786,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Huntington Bancshares by 1.1% in the third quarter. Vanguard Group Inc. now owns 167,706,810 shares of the bank’s stock valued at $2,210,376,000 after buying an additional 1,780,935 shares during the period. BlackRock Inc. raised its stake in Huntington Bancshares by 1.9% in the third quarter. BlackRock Inc. now owns 140,041,365 shares of the bank’s stock valued at $1,845,745,000 after buying an additional 2,554,894 shares during the period. State Street Corp raised its stake in Huntington Bancshares by 3.1% in the third quarter. State Street Corp now owns 76,435,572 shares of the bank’s stock valued at $1,018,994,000 after buying an additional 2,266,557 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Huntington Bancshares by 4.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 72,288,893 shares of the bank’s stock worth $952,769,000 after purchasing an additional 3,025,509 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Huntington Bancshares by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,384,881 shares of the bank’s stock worth $575,807,000 after purchasing an additional 1,736,566 shares during the period. Institutional investors own 80.43% of the company’s stock.
Huntington Bancshares Trading Down 1.6 %
Shares of HBAN stock opened at $11.44 on Monday. The stock’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $13.92. The company has a market cap of $16.58 billion, a PE ratio of 7.38, a P/E/G ratio of 6.06 and a beta of 1.06. Huntington Bancshares Incorporated has a fifty-two week low of $9.94 and a fifty-two week high of $15.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 0.86.
Huntington Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 19th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Thursday, June 15th. Huntington Bancshares’s dividend payout ratio (DPR) is 40.00%.
Insider Activity at Huntington Bancshares
In related news, Director David L. Porteous sold 80,000 shares of the firm’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $15.01, for a total transaction of $1,200,800.00. Following the sale, the director now owns 62,845 shares of the company’s stock, valued at approximately $943,303.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on HBAN. Barclays lowered their target price on Huntington Bancshares from $17.00 to $14.00 in a research note on Wednesday, April 12th. Morgan Stanley lowered their target price on Huntington Bancshares from $18.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 5th. Royal Bank of Canada lowered their target price on Huntington Bancshares from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Finally, Keefe, Bruyette & Woods upgraded Huntington Bancshares from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from $13.50 to $13.00 in a research note on Wednesday, April 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.03.
About Huntington Bancshares
Huntington Bancshares, Inc operates as a bank holding company. It 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, other financial products and services.
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