Huntington Bancshares Incorporated $HBAN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 77.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,598 shares of the bank’s stock after selling 68,051 shares during the quarter. SG Americas Securities LLC’s holdings in Huntington Bancshares were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Huntington Bancshares during the second quarter valued at about $374,474,000. Fisher Asset Management LLC raised its position in Huntington Bancshares by 1,700.0% in the second quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock valued at $56,164,000 after purchasing an additional 3,164,915 shares during the period. Jefferies Financial Group Inc. lifted its stake in Huntington Bancshares by 14,950.0% during the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after purchasing an additional 2,984,764 shares in the last quarter. Boston Partners boosted its position in shares of Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after buying an additional 2,776,429 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Huntington Bancshares by 1.3% in the second quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock valued at $2,954,792,000 after buying an additional 2,343,244 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the sale, the insider owned 534,640 shares of the company’s stock, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $17.80, for a total value of $44,161.80. Following the completion of the transaction, the insider directly owned 71,566 shares of the company’s stock, valued at $1,273,874.80. This trade represents a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 97,863 shares of company stock worth $1,581,634. 0.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on HBAN. Deutsche Bank Aktiengesellschaft increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Piper Sandler increased their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Monday, January 12th. Jefferies Financial Group upped their target price on shares of Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Wolfe Research reiterated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.11.

Huntington Bancshares Trading Down 0.1%

NASDAQ HBAN opened at $17.34 on Tuesday. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.91. The firm has a 50 day moving average of $17.32 and a two-hundred day moving average of $16.87. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $27.31 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period last year, the firm posted $0.34 earnings per share. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.