State Street Corp Sells 1,505,187 Shares of Huntington Bancshares Incorporated $HBAN

State Street Corp decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 74,359,491 shares of the bank’s stock after selling 1,505,187 shares during the quarter. State Street Corp owned about 0.05% of Huntington Bancshares worth $1,257,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in Huntington Bancshares by 6.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock worth $3,674,000 after purchasing an additional 12,865 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $9,187,000. California Public Employees Retirement System boosted its stake in shares of Huntington Bancshares by 9.7% in the 2nd quarter. California Public Employees Retirement System now owns 2,672,853 shares of the bank’s stock worth $44,797,000 after buying an additional 235,369 shares during the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of Huntington Bancshares by 1.8% in the second quarter. Cary Street Partners Financial LLC now owns 229,725 shares of the bank’s stock valued at $3,850,000 after acquiring an additional 4,081 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Huntington Bancshares by 69.6% during the second quarter. Cerity Partners LLC now owns 997,131 shares of the bank’s stock valued at $16,712,000 after acquiring an additional 409,135 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 6,416 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $15.65, for a total value of $100,410.40. Following the completion of the transaction, the executive vice president directly owned 252,305 shares of the company’s stock, valued at approximately $3,948,573.25. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 64,587 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the sale, the insider directly owned 534,640 shares in the company, valued at $8,222,763.20. The trade was a 10.78% decrease in their position. The SEC filing for this sale provides additional information. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Up 3.4%

HBAN stock opened at $17.56 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $25.63 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.64 and a beta of 0.96. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.03. The stock has a fifty day moving average of $16.04 and a 200-day moving average of $16.52.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $580.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s payout ratio is 43.36%.

Analyst Ratings Changes

HBAN has been the topic of several research analyst reports. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Raymond James Financial reiterated a “strong-buy” rating and set a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, Piper Sandler raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $19.64.

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.