Prudential Financial Inc. lowered its position in shares of Huntington Bancshares Inc. (NASDAQ:HBAN) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,257,037 shares of the company’s stock after selling 91,832 shares during the period. Prudential Financial Inc. owned 0.41% of Huntington Bancshares worth $29,118,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Boston Partners raised its stake in Huntington Bancshares by 8.3% in the second quarter. Boston Partners now owns 30,106,450 shares of the company’s stock valued at $269,152,000 after buying an additional 2,301,937 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Huntington Bancshares by 1.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 21,931,964 shares of the company’s stock valued at $209,231,000 after buying an additional 258,631 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Huntington Bancshares by 6.5% in the second quarter. JPMorgan Chase & Co. now owns 13,063,725 shares of the company’s stock valued at $116,789,000 after buying an additional 801,876 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Huntington Bancshares by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 7,971,816 shares of the company’s stock valued at $71,242,000 after buying an additional 863,006 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Huntington Bancshares by 3.6% in the first quarter. Geode Capital Management LLC now owns 6,895,402 shares of the company’s stock valued at $65,655,000 after buying an additional 239,414 shares in the last quarter. Institutional investors own 75.73% of the company’s stock.

Huntington Bancshares Inc. (NASDAQ:HBAN) traded up 1.44% during trading on Thursday, reaching $9.87. 5,357,649 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $9.72 and a 200 day moving average price of $9.66. Huntington Bancshares Inc. has a 52 week low of $7.83 and a 52 week high of $11.87. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 12.65 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. Huntington Bancshares had a return on equity of 11.07% and a net margin of 20.85%. During the same quarter last year, the firm posted $0.23 EPS. Equities research analysts forecast that Huntington Bancshares Inc. will post $0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.88%. Huntington Bancshares’s payout ratio is currently 35.90%.

Several equities research analysts have recently commented on HBAN shares. BMO Capital Markets restated a “market perform” rating and issued a $11.00 price target on shares of Huntington Bancshares in a report on Wednesday, July 6th. Jefferies Group reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Thursday, August 4th. Robert W. Baird reiterated a “neutral” rating and set a $9.23 price objective (down previously from $10.00) on shares of Huntington Bancshares in a research note on Friday, July 22nd. Vetr upgraded shares of Huntington Bancshares from a “buy” rating to a “strong-buy” rating and set a $11.62 price objective for the company in a research note on Wednesday, June 8th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Huntington Bancshares in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.08.

In other news, EVP Nicholas G. Stanutz sold 35,350 shares of Huntington Bancshares stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $9.64, for a total value of $340,774.00. Following the transaction, the executive vice president now directly owns 434,650 shares of the company’s stock, valued at approximately $4,190,026. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David S. Anderson sold 9,006 shares of Huntington Bancshares stock in a transaction on Monday, August 29th. The shares were sold at an average price of $9.82, for a total transaction of $88,438.92. Following the completion of the transaction, the executive vice president now directly owns 110,233 shares in the company, valued at $1,082,488.06. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.

About Huntington Bancshares

Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.

5 Day Chart for NASDAQ:HBAN

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