Huntington Bancshares Incorporated $HBAN Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 35.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,593 shares of the bank’s stock after selling 154,631 shares during the period. AustralianSuper Pty Ltd’s holdings in Huntington Bancshares were worth $4,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parcion Private Wealth LLC grew its stake in shares of Huntington Bancshares by 6.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock valued at $191,000 after buying an additional 648 shares during the period. Strategic Planning Inc. lifted its holdings in Huntington Bancshares by 0.3% in the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after acquiring an additional 670 shares during the last quarter. Benjamin Edwards Inc. grew its position in Huntington Bancshares by 1.0% in the third quarter. Benjamin Edwards Inc. now owns 73,147 shares of the bank’s stock worth $1,263,000 after acquiring an additional 758 shares during the period. Wedmont Private Capital increased its stake in Huntington Bancshares by 3.1% during the third quarter. Wedmont Private Capital now owns 27,294 shares of the bank’s stock worth $457,000 after acquiring an additional 808 shares during the last quarter. Finally, Chris Bulman Inc raised its position in Huntington Bancshares by 7.8% in the third quarter. Chris Bulman Inc now owns 11,698 shares of the bank’s stock valued at $202,000 after purchasing an additional 847 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 17,455 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total transaction of $330,423.15. Following the completion of the transaction, the vice president owned 42,398 shares in the company, valued at $802,594.14. The trade was a 29.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James D. Rollins III acquired 6,873 shares of the company’s stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $23.27 per share, for a total transaction of $159,934.71. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $93,080. The trade was a -239.23% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 26,488 shares of company stock valued at $510,286 and sold 50,145 shares valued at $929,885. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $16.83 on Thursday. The company’s 50 day moving average is $17.75 and its two-hundred day moving average is $17.08. The firm has a market cap of $34.16 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $2.19 billion during the quarter, compared to analyst estimates 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 earnings per share. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HBAN shares. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. increased 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. Raymond James Financial boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research note on Friday, January 23rd. Stephens increased 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 report on Thursday, December 18th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.69.

About Huntington Bancshares

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.