Todd Asset Management LLC Reduces Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Todd Asset Management LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,579 shares of the bank’s stock after selling 1,014 shares during the period. Todd Asset Management LLC’s holdings in Huntington Bancshares were worth $682,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HBAN. SG Americas Securities LLC grew its stake in Huntington Bancshares by 208.2% during the 3rd quarter. SG Americas Securities LLC now owns 72,404 shares of the bank’s stock valued at $753,000 after acquiring an additional 48,913 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Huntington Bancshares by 2.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 548,316 shares of the bank’s stock valued at $5,702,000 after buying an additional 15,139 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Huntington Bancshares by 2.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 413,221 shares of the bank’s stock valued at $4,297,000 after buying an additional 9,491 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Huntington Bancshares by 5.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank’s stock valued at $1,256,000 after buying an additional 5,740 shares during the period. Finally, Xponance Inc. grew its stake in shares of Huntington Bancshares by 2.4% in the 3rd quarter. Xponance Inc. now owns 218,619 shares of the bank’s stock valued at $2,274,000 after buying an additional 5,150 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.0 %

Huntington Bancshares stock traded up $0.13 during trading on Friday, reaching $13.80. The stock had a trading volume of 9,181,550 shares, compared to its average volume of 17,355,142. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07. The stock has a market cap of $20.00 billion, a PE ratio of 12.43, a P/E/G ratio of 2.53 and a beta of 1.09. The business has a 50 day moving average price of $13.44 and a 200 day moving average price of $12.38.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

Insider Activity at Huntington Bancshares

In other news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Huntington Bancshares news, VP Rajeev Syal sold 11,627 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $13.67, for a total value of $158,941.09. Following the completion of the transaction, the vice president now owns 329,607 shares in the company, valued at $4,505,727.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The disclosure for this sale can be found here. Insiders sold 208,381 shares of company stock valued at $2,814,291 over the last three months. 0.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HBAN. Citigroup increased their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods lifted their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Stephens restated an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Huntington Bancshares 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.