Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Swedbank AB

Swedbank AB trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391,350 shares of the bank’s stock after selling 2,099 shares during the period. Swedbank AB’s holdings in Huntington Bancshares were worth $5,753,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HBAN. Boston Partners raised its holdings in Huntington Bancshares by 20.4% during the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Huntington Bancshares by 832.7% during the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock worth $46,927,000 after buying an additional 2,979,768 shares during the last quarter. Scout Investments Inc. purchased a new stake in shares of Huntington Bancshares in the 1st quarter worth about $35,428,000. Point72 Asset Management L.P. grew its stake in Huntington Bancshares by 194.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock valued at $42,226,000 after acquiring an additional 2,116,839 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Huntington Bancshares during the 1st quarter valued at about $24,100,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 0.5 %

Shares of NASDAQ HBAN opened at $15.36 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $22.26 billion, a PE ratio of 13.84, a P/E/G ratio of 2.77 and a beta of 1.04. The firm has a fifty day moving average of $14.56 and a 200-day moving average of $13.93. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.04%. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Thursday, June 27th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Barclays increased their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.91.

Insider Activity

In related news, insider Kendall A. Kowalski sold 5,747 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the sale, the insider now directly owns 65,899 shares in the company, valued at approximately $987,167.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Helga Houston sold 11,288 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.02, for a total value of $169,545.76. Following the completion of the transaction, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,622 shares of company stock valued at $1,762,904. Company insiders own 0.89% of the company’s stock.

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.