Amundi Pioneer Asset Management Inc. trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 24.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,707,080 shares of the bank’s stock after selling 1,842,843 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.55% of Huntington Bancshares worth $72,367,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of HBAN. Global Retirement Partners LLC boosted its position in shares of Huntington Bancshares by 6.3% during the 1st quarter. Global Retirement Partners LLC now owns 13,937 shares of the bank’s stock valued at $177,000 after acquiring an additional 832 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Huntington Bancshares by 0.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 246,456 shares of the bank’s stock valued at $2,938,000 after acquiring an additional 871 shares during the last quarter. Fishman Jay A Ltd. MI boosted its position in shares of Huntington Bancshares by 8.3% during the 4th quarter. Fishman Jay A Ltd. MI now owns 13,000 shares of the bank’s stock valued at $155,000 after acquiring an additional 1,000 shares during the last quarter. Bray Capital Advisors boosted its position in shares of Huntington Bancshares by 50.0% during the 4th quarter. Bray Capital Advisors now owns 3,000 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Huntington Bancshares by 6.4% during the 1st quarter. CWM LLC now owns 18,439 shares of the bank’s stock valued at $234,000 after acquiring an additional 1,116 shares during the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. ValuEngine lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Argus initiated coverage on shares of Huntington Bancshares in a report on Friday, May 31st. They issued a “hold” rating on the stock. Finally, BidaskClub upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.10.
NASDAQ:HBAN remained flat at $$13.82 on Monday. 10,341,345 shares of the company’s stock were exchanged, compared to its average volume of 12,229,707. The company has a 50-day moving average price of $13.30. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a one year low of $11.12 and a one year high of $16.52. The company has a market cap of $14.46 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 25th. The bank reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts expect that Huntington Bancshares Incorporated will post 1.32 EPS for the current fiscal year.
The company 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 $0.14 per share. The ex-dividend date is Friday, June 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.05%. Huntington Bancshares’s payout ratio is 46.67%.
Huntington Bancshares Company Profile
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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