Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 576,832 shares of the bank’s stock after selling 20,890 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Huntington Bancshares were worth $8,047,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HBAN. AQR Capital Management LLC grew its position in shares of Huntington Bancshares by 1,652.2% in the third quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank’s stock valued at $18,786,000 after purchasing an additional 1,703,245 shares during the period. Axxcess Wealth Management LLC boosted its position in Huntington Bancshares by 120.5% during the third quarter. Axxcess Wealth Management LLC now owns 63,381 shares of the bank’s stock worth $659,000 after acquiring an additional 34,641 shares during the last quarter. Alps Advisors Inc. boosted its position in Huntington Bancshares by 32.1% during the third quarter. Alps Advisors Inc. now owns 31,384 shares of the bank’s stock worth $326,000 after acquiring an additional 7,626 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in Huntington Bancshares during the third quarter worth about $114,000. Finally, Schroder Investment Management Group boosted its position in Huntington Bancshares by 248.6% during the third quarter. Schroder Investment Management Group now owns 814,047 shares of the bank’s stock worth $8,466,000 after acquiring an additional 580,525 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HBAN. Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price target on shares of Huntington Bancshares in a research report on Tuesday, June 11th. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. reduced their target price on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research note on Thursday, June 27th. Stephens reaffirmed an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $16.00 target price on shares of Huntington Bancshares in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.97.

Huntington Bancshares Stock Down 1.5 %

NASDAQ HBAN traded down $0.20 on Friday, hitting $12.84. 14,547,708 shares of the stock were exchanged, compared to its average volume of 20,094,492. 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 fifty-two week low of $9.25 and a fifty-two week high of $14.30. The company has a market cap of $18.61 billion, a PE ratio of 11.57, a PEG ratio of 2.48 and a beta of 1.06. The company has a 50-day moving average price of $13.36 and a 200-day moving average price of $13.16.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS 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 company 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 business posted $0.38 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.18 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 17th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend was Monday, June 17th. Huntington Bancshares’s payout ratio is 55.86%.

Insider Activity

In other news, insider Kendall A. Kowalski sold 15,948 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Kendall A. Kowalski sold 15,948 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the sale, the insider now owns 21,102 shares in the company, valued at approximately $284,243.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total transaction of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares of the company’s stock, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,829 shares of company stock worth $2,148,623. Corporate insiders own 0.92% of the company’s stock.

About Huntington Bancshares

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.