Carret Asset Management LLC Has $216,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Carret Asset Management LLC trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 67.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,475 shares of the bank’s stock after selling 31,966 shares during the period. Carret Asset Management LLC’s holdings in Huntington Bancshares were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HBAN. Comerica Bank acquired a new stake in shares of Huntington Bancshares during the third quarter worth $5,261,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Huntington Bancshares by 8.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 136,961 shares of the bank’s stock worth $1,911,000 after acquiring an additional 10,795 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Huntington Bancshares by 39.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock worth $83,124,000 after buying an additional 1,838,019 shares during the period. Vest Financial LLC lifted its stake in Huntington Bancshares by 16.5% in the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after buying an additional 141,410 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Huntington Bancshares by 715.0% in the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after buying an additional 3,729,974 shares during the period. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $13.04 on Thursday. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $14.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 2.51 and a beta of 1.06. The stock’s fifty day moving average price is $13.39 and its two-hundred day moving average price is $13.16.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $0.38 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.18 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 17th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Monday, June 17th. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Insiders Place Their Bets

In other news, VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the sale, the vice president now directly owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,711 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $13.84, for a total transaction of $217,440.24. Following the completion of the transaction, the insider now directly owns 65,195 shares in the company, valued at $902,298.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the sale, the vice president now directly owns 385,409 shares in the company, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. Insiders have sold a total of 157,829 shares of company stock worth $2,148,623 in the last 90 days. Company insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on HBAN. JPMorgan Chase & Co. dropped their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target on shares of Huntington Bancshares in a research note on Tuesday, June 11th. Morgan Stanley reduced their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Stephens reissued an “equal weight” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Finally, UBS Group lowered their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

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.