Principal Financial Group Inc. Has $31.35 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Principal Financial Group Inc. cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,028,081 shares of the bank’s stock after selling 856 shares during the quarter. Principal Financial Group Inc.’s holdings in Huntington Bancshares were worth $31,354,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fieldpoint Private Securities LLC increased its position in Huntington Bancshares by 135.5% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,766 shares of the bank’s stock worth $26,000 after purchasing an additional 1,016 shares in the last quarter. Evermay Wealth Management LLC acquired a new position in Huntington Bancshares during the 2nd quarter worth approximately $39,000. Stonebridge Capital Advisors LLC increased its position in Huntington Bancshares by 62.2% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 2,709 shares of the bank’s stock worth $39,000 after purchasing an additional 1,039 shares in the last quarter. Covington Capital Management increased its position in Huntington Bancshares by 180.0% during the 2nd quarter. Covington Capital Management now owns 3,500 shares of the bank’s stock worth $50,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in Huntington Bancshares during the 2nd quarter worth approximately $53,000. Institutional investors own 78.20% of the company’s stock.

In other Huntington Bancshares news, Director Kenneth J. Phelan acquired 20,000 shares of the company’s stock in a transaction on Wednesday, November 3rd. The shares were purchased at an average cost of $15.71 per share, with a total value of $314,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard A. Pohle sold 4,837 shares of the firm’s stock in a transaction on Wednesday, October 20th. The shares were sold at an average price of $16.50, for a total transaction of $79,810.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,827 shares of company stock worth $5,907,614. 1.04% of the stock is owned by insiders.

Several brokerages have issued reports on HBAN. Barclays cut shares of Huntington Bancshares from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research report on Monday, January 3rd. Raymond James upped their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 7th. Wolfe Research cut shares of Huntington Bancshares from an “outperform” rating to a “peer perform” rating and decreased their price target for the company from $20.00 to $18.00 in a research report on Wednesday, November 17th. UBS Group began coverage on shares of Huntington Bancshares in a research report on Wednesday. They issued a “buy” rating and a $21.00 price target for the company. Finally, Morgan Stanley began coverage on shares of Huntington Bancshares in a research report on Tuesday. They issued an “equal weight” rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Hold” and an average price target of $17.94.

NASDAQ:HBAN opened at $17.63 on Friday. The firm has a market cap of $25.50 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.49 and a beta of 1.27. Huntington Bancshares Incorporated has a 52 week low of $13.01 and a 52 week high of $17.64. The firm’s fifty day moving average is $15.83 and its 200-day moving average is $15.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 0.84.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 27th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.14). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Huntington Bancshares had a return on equity of 13.28% and a net margin of 30.72%. The firm’s revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 3rd. Investors of record on Friday, December 17th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, December 16th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 3.52%. Huntington Bancshares’s dividend payout ratio is currently 45.26%.

Huntington Bancshares Company Profile

Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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