Sentry Investment Management LLC decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 43.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,811 shares of the bank’s stock after selling 30,618 shares during the quarter. Sentry Investment Management LLC’s holdings in Huntington Bancshares were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. NuWave Investment Management LLC boosted its position in shares of Huntington Bancshares by 5,991.8% during the 3rd quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock valued at $133,000 after acquiring an additional 8,748 shares during the last quarter. Dupont Capital Management Corp boosted its position in shares of Huntington Bancshares by 79.3% during the 2nd quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock valued at $143,000 after acquiring an additional 4,270 shares during the last quarter. GAM Holding AG acquired a new position in shares of Huntington Bancshares during the 2nd quarter valued at about $154,000. Atria Investments LLC acquired a new position in shares of Huntington Bancshares during the 2nd quarter valued at about $177,000. Finally, Global Retirement Partners LLC boosted its position in shares of Huntington Bancshares by 219.6% during the 3rd quarter. Global Retirement Partners LLC now owns 13,014 shares of the bank’s stock valued at $194,000 after acquiring an additional 8,942 shares during the last quarter. 73.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:HBAN opened at $14.67 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a market cap of $15.56 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. Huntington Bancshares Incorporated has a 1 year low of $13.04 and a 1 year high of $16.60.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, December 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.82%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 57.14%.

A number of research analysts have commented on the stock. BidaskClub cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Jefferies Financial Group upped their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Morgan Stanley reaffirmed a “hold” rating and issued a $17.50 target price (down previously from $17.75) on shares of Huntington Bancshares in a research report on Tuesday, September 18th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $19.00 target price on shares of Huntington Bancshares in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $17.13.

In other Huntington Bancshares news, CFO Howell D. Mccullough III sold 68,777 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $16.17, for a total transaction of $1,112,124.09. Following the sale, the chief financial officer now directly owns 720,413 shares in the company, valued at $11,649,078.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard W. Neu purchased 6,750 shares of the business’s stock in a transaction on Tuesday, October 30th. The shares were acquired at an average price of $13.88 per share, for a total transaction of $93,690.00. The disclosure for this purchase can be found here. 1.05% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Sentry Investment Management LLC Sells 30,618 Shares of Huntington Bancshares Incorporated (HBAN)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2018/11/10/sentry-investment-management-llc-sells-30618-shares-of-huntington-bancshares-incorporated-hban.html.

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's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.

Read More: How Do You Make Money With Penny Stocks?

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.