Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Cut by AE Wealth Management LLC

AE Wealth Management LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,196,522 shares of the bank’s stock after selling 297,152 shares during the period. AE Wealth Management LLC owned 0.08% of Huntington Bancshares worth $15,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HBAN. Boston Partners raised its holdings in shares of Huntington Bancshares by 20.4% during the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after buying an additional 9,533,511 shares during the last quarter. KBC Group NV raised its holdings in Huntington Bancshares by 715.0% during the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after purchasing an additional 3,729,974 shares in the last quarter. National Bank of Canada FI raised its holdings in Huntington Bancshares by 832.7% during the first quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock worth $46,927,000 after purchasing an additional 2,979,768 shares in the last quarter. Scout Investments Inc. bought a new stake in Huntington Bancshares during the first quarter worth approximately $35,428,000. Finally, Bank of Nova Scotia raised its holdings in Huntington Bancshares by 641.5% during the fourth quarter. Bank of Nova Scotia now owns 2,775,356 shares of the bank’s stock worth $35,301,000 after purchasing an additional 2,401,067 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 0.7 %

NASDAQ HBAN opened at $14.86 on Friday. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.90 and a beta of 1.05. The firm’s 50 day moving average price is $14.36 and its two-hundred day moving average price is $13.74.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $0.35 EPS. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 55.86%.

Insider Activity

In other news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the transaction, the chief financial officer now directly owns 265,809 shares in the company, valued at approximately $4,021,690.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock worth $1,762,904 in the last ninety days. Corporate insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. Argus boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Morgan Stanley boosted their target price on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Robert W. Baird cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a report on Friday, July 26th. UBS Group dropped their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Finally, Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.59.

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.