Janus Henderson Group PLC Sells 1,393 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Janus Henderson Group PLC cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,167 shares of the bank’s stock after selling 1,393 shares during the quarter. Janus Henderson Group PLC’s holdings in Huntington Bancshares were worth $3,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in Huntington Bancshares by 4.9% during the second quarter. QRG Capital Management Inc. now owns 18,580 shares of the bank’s stock valued at $245,000 after purchasing an additional 868 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Huntington Bancshares by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 133,649 shares of the bank’s stock valued at $1,761,000 after acquiring an additional 28,174 shares during the last quarter. ORG Partners LLC increased its position in Huntington Bancshares by 354.9% during the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after acquiring an additional 2,594 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Huntington Bancshares by 2.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 230,854 shares of the bank’s stock valued at $3,043,000 after acquiring an additional 5,261 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Huntington Bancshares by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 54,287 shares of the bank’s stock worth $716,000 after purchasing an additional 814 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Up 0.9 %

Shares of HBAN opened at $17.39 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $11.77 and a one year high of $18.44. The stock has a market capitalization of $25.26 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 3.51 and a beta of 1.06. The stock has a 50 day moving average price of $16.54 and a 200 day moving average price of $14.80.

Huntington Bancshares (NASDAQ:HBAN) last issued 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. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the business earned $0.36 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 59.62%.

Insider Activity

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock valued at $757,356 in the last quarter. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HBAN. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Huntington Bancshares in a report on Friday, October 18th. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Citigroup increased their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

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.