Macquarie Group Ltd. reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 96.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,431 shares of the bank’s stock after selling 667,215 shares during the period. Macquarie Group Ltd.’s holdings in Huntington Bancshares were worth $328,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Huntington Bancshares by 6.3% during the 4th quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock worth $879,523,000 after purchasing an additional 4,341,210 shares during the last quarter. Boston Partners raised its position in shares of Huntington Bancshares by 54.3% in the 4th quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock worth $589,451,000 after acquiring an additional 17,411,546 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Huntington Bancshares by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 14,526,595 shares of the bank’s stock worth $172,863,000 after acquiring an additional 709,854 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 13.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,117,471 shares of the bank’s stock worth $168,284,000 after acquiring an additional 1,714,381 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Huntington Bancshares by 12.3% in the 4th quarter. Bank of America Corp DE now owns 13,837,096 shares of the bank’s stock worth $164,938,000 after acquiring an additional 1,512,128 shares in the last quarter. 79.02% of the stock is owned by institutional investors and hedge funds.
HBAN stock opened at $13.46 on Tuesday. Huntington Bancshares Incorporated has a 1-year low of $11.12 and a 1-year high of $16.52. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market capitalization of $14.39 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.14 and a beta of 1.35.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, January 24th. The bank reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. During the same quarter in the prior year, the business earned $0.26 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.56 annualized dividend and a dividend yield of 4.16%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.
Several research firms have recently weighed in on HBAN. BidaskClub raised Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 19th. Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research report on Monday, January 28th. Vining Sparks reissued a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research report on Thursday, January 24th. Finally, Zacks Investment Research lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.18.
In other news, EVP Daniel J. Neumeyer sold 60,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the sale, the executive vice president now directly owns 356,615 shares in the company, valued at approximately $4,889,191.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark E. Thompson sold 18,510 shares of the firm’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $13.49, for a total value of $249,699.90. Following the completion of the sale, the executive vice president now owns 667,175 shares of the company’s stock, valued at $9,000,190.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,577 shares of company stock valued at $1,116,158. 1.22% of the stock is currently owned by company insiders.
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About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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