Huntington Bancshares Incorporated $HBAN Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 40.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,460 shares of the bank’s stock after selling 92,074 shares during the quarter. TD Private Client Wealth LLC’s holdings in Huntington Bancshares were worth $2,350,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Gamco Investors INC. ET AL increased its holdings in Huntington Bancshares by 0.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 251,551 shares of the bank’s stock valued at $4,364,000 after acquiring an additional 1,301 shares in the last quarter. Gabelli Funds LLC raised its holdings in Huntington Bancshares by 21.4% in the 4th quarter. Gabelli Funds LLC now owns 497,750 shares of the bank’s stock valued at $8,636,000 after acquiring an additional 87,750 shares during the last quarter. Sapient Capital LLC acquired a new position in Huntington Bancshares in the fourth quarter valued at $260,000. North Dakota State Investment Board purchased a new position in shares of Huntington Bancshares during the 4th quarter worth about $893,000. Finally, Elyxium Wealth LLC purchased a new position in Huntington Bancshares during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Truist Financial lowered their target price on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Raymond James Financial lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Finally, UBS Group set a $21.00 target price on shares of Huntington Bancshares in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Stock Down 0.7%

HBAN stock opened at $15.46 on Wednesday. The company has a market capitalization of $31.34 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The firm’s 50-day moving average is $15.97 and its two-hundred day moving average is $16.74.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company posted $0.34 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 47.69%.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 65,530 shares of Huntington Bancshares stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.28, for a total value of $1,001,298.40. Following the transaction, the vice president directly owned 481,676 shares in the company, valued at $7,360,009.28. The trade was a 11.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Prashant Nateri sold 10,171 shares of Huntington Bancshares stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the completion of the transaction, the insider directly owned 83,819 shares in the company, valued at $1,299,194.50. This represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 39,200 shares of company stock valued at $756,724. 0.67% of the stock is owned by insiders.

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.