Tredje AP fonden Decreases Holdings in Huntington Bancshares Incorporated $HBAN

Tredje AP fonden trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 57.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,543 shares of the bank’s stock after selling 119,933 shares during the period. Tredje AP fonden’s holdings in Huntington Bancshares were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. MTM Investment Management LLC purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new stake in Huntington Bancshares in the second quarter valued at about $30,000. Grey Fox Wealth Advisors LLC acquired a new stake in Huntington Bancshares in the third quarter worth about $31,000. First Horizon Corp purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $36,000. Finally, Root Financial Partners LLC acquired a new position in shares of Huntington Bancshares during the third quarter valued at about $44,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Stephens lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 18th. Barclays boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. DA Davidson restated a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.60.

Insider Buying and Selling

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 17,455 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $18.93, for a total value of $330,423.15. Following the sale, the vice president owned 42,398 shares in the company, valued at approximately $802,594.14. This represents a 29.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 2,481 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the sale, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. The trade was a 3.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 50,145 shares of company stock valued at $929,885 in the last three months. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $18.01 on Monday. The firm’s fifty day moving average is $17.86 and its two-hundred day moving average is $17.05. The firm has a market cap of $36.56 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same quarter in the previous year, the business posted $0.34 EPS. Research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.