Natixis Advisors L.P. lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 53.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 391,950 shares of the bank’s stock after selling 449,843 shares during the quarter. Natixis Advisors L.P.’s holdings in Huntington Bancshares were worth $4,390,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Huntington Bancshares by 1.6% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock valued at $712,000 after acquiring an additional 830 shares in the last quarter. Guardian Wealth Management Inc. lifted its holdings in shares of Huntington Bancshares by 3.5% in the first quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock valued at $363,000 after buying an additional 835 shares during the period. Wolff Wiese Magana LLC boosted its stake in Huntington Bancshares by 0.5% during the first quarter. Wolff Wiese Magana LLC now owns 164,530 shares of the bank’s stock valued at $1,843,000 after buying an additional 867 shares in the last quarter. Marcum Wealth LLC grew its holdings in Huntington Bancshares by 1.7% during the first quarter. Marcum Wealth LLC now owns 55,949 shares of the bank’s stock worth $627,000 after acquiring an additional 913 shares during the period. Finally, Texas Permanent School Fund raised its position in Huntington Bancshares by 0.5% in the fourth quarter. Texas Permanent School Fund now owns 204,984 shares of the bank’s stock worth $2,890,000 after acquiring an additional 923 shares in the last quarter. Institutional investors own 78.68% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on HBAN shares. JPMorgan Chase & Co. upgraded shares of Huntington Bancshares from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $13.00 in a report on Tuesday, July 25th. Raymond James boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. Stephens increased their price target on Huntington Bancshares from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, July 24th. DA Davidson boosted their price objective on Huntington Bancshares from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 24th. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Bancshares from $12.00 to $13.50 and gave the company a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.31.
Insider Buying and Selling
In other Huntington Bancshares news, EVP Paul G. Heller sold 23,817 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $11.89, for a total transaction of $283,184.13. Following the completion of the transaction, the executive vice president now owns 505,910 shares of the company’s stock, valued at approximately $6,015,269.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Paul G. Heller sold 23,817 shares of Huntington Bancshares stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $11.89, for a total value of $283,184.13. Following the transaction, the executive vice president now directly owns 505,910 shares in the company, valued at $6,015,269.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 12,280 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $11.97, for a total value of $146,991.60. Following the sale, the insider now owns 594,564 shares of the company’s stock, valued at approximately $7,116,931.08. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.
Huntington Bancshares Stock Up 0.8 %
Huntington Bancshares stock opened at $11.09 on Friday. The company has a market capitalization of $16.06 billion, a P/E ratio of 7.15, a P/E/G ratio of 6.11 and a beta of 1.08. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $15.74. The firm’s fifty day simple moving average is $11.36 and its 200-day simple moving average is $11.56. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Huntington Bancshares had a return on equity of 15.20% and a net margin of 24.74%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.38 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, September 15th. Huntington Bancshares’s payout ratio is 40.00%.
Huntington Bancshares 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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