Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,455,089 shares of the bank’s stock after selling 222,931 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Huntington Bancshares worth $49,897,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of HBAN. American Century Companies Inc. grew its stake in Huntington Bancshares by 11.8% during the first quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock worth $2,765,000 after buying an additional 19,959 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Huntington Bancshares during the first quarter worth about $315,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Huntington Bancshares by 309.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after buying an additional 7,558 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Huntington Bancshares by 40.9% during the first quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after buying an additional 30,296 shares in the last quarter. Finally, Aviva PLC grew its stake in Huntington Bancshares by 58.2% during the first quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after buying an additional 293,944 shares in the last quarter. 78.75% of the stock is owned by institutional investors.
Huntington Bancshares Stock Up 2.2 %
NASDAQ:HBAN opened at $11.65 on Wednesday. The firm’s 50 day simple moving average is $10.60 and its 200 day simple moving average is $12.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.86 and a quick ratio of 0.86. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $15.74. The company has a market cap of $16.82 billion, a PE ratio of 7.52, a P/E/G ratio of 6.26 and a beta of 1.07.
Insider Buying and Selling
In related news, CFO Zachary Jacob Wasserman sold 98,608 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total transaction of $1,010,732.00. Following the sale, the chief financial officer now directly owns 188,767 shares in the company, valued at approximately $1,934,861.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 98,608 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $10.25, for a total transaction of $1,010,732.00. Following the completion of the transaction, the chief financial officer now owns 188,767 shares in the company, valued at approximately $1,934,861.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Phelan purchased 20,000 shares of the stock in a transaction on Wednesday, April 26th. The shares were purchased at an average price of $10.80 per share, with a total value of $216,000.00. Following the acquisition, the director now owns 89,285 shares in the company, valued at approximately $964,278. The disclosure for this purchase can be found here. 0.89% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on HBAN shares. Keefe, Bruyette & Woods upgraded shares of Huntington Bancshares from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $13.50 to $13.00 in a research note on Wednesday, April 5th. JPMorgan Chase & Co. raised their price target on shares of Huntington Bancshares from $11.00 to $12.00 in a research note on Thursday, June 29th. Raymond James reduced their price target on shares of Huntington Bancshares from $15.00 to $14.00 in a research note on Thursday, July 6th. Morgan Stanley reduced their price target on shares of Huntington Bancshares from $18.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 5th. Finally, StockNews.com assumed coverage on shares of Huntington Bancshares in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.75.
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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).
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