Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,445 shares of the bank’s stock after selling 4,683 shares during the period. Nordea Investment Management AB’s holdings in Huntington Bancshares were worth $1,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Boston Partners raised its holdings in Huntington Bancshares by 59.3% during the 4th quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock worth $593,408,000 after buying an additional 17,365,446 shares during the period. Norges Bank purchased a new position in Huntington Bancshares during the 4th quarter valued at about $206,703,000. KBC Group NV grew its stake in Huntington Bancshares by 715.0% during the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after acquiring an additional 3,729,974 shares in the last quarter. Bank of Nova Scotia grew its stake in Huntington Bancshares by 641.5% during the 4th quarter. Bank of Nova Scotia now owns 2,775,356 shares of the bank’s stock valued at $35,301,000 after acquiring an additional 2,401,067 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Huntington Bancshares by 39.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock valued at $83,124,000 after acquiring an additional 1,838,019 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 3.0 %

Shares of Huntington Bancshares stock opened at $13.46 on Friday. The stock has a market capitalization of $19.51 billion, a P/E ratio of 12.13, a PEG ratio of 5.18 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average price of $13.33 and a two-hundred day moving average price of $13.17. Huntington Bancshares Incorporated has a 12-month low of $9.25 and a 12-month high of $14.30.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping 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 company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company earned $0.38 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.17 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.61%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Transactions at Huntington Bancshares

In other news, VP Brantley J. Standridge sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the completion of the transaction, the vice president now directly owns 385,409 shares in the company, valued at $5,241,562.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the transaction, the insider now directly owns 648,904 shares in the company, valued at $8,851,050.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the transaction, the vice president now owns 385,409 shares of the company’s stock, valued at $5,241,562.40. The disclosure for this sale can be found here. Insiders sold a total of 157,829 shares of company stock worth $2,148,623 over the last three months. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several research analyst reports. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Jefferies Financial Group lowered their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Evercore ISI lowered their target price on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Stephens reaffirmed an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Finally, UBS Group lowered their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.

About Huntington Bancshares

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.