Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 94.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,651 shares of the bank’s stock after selling 2,942,879 shares during the quarter. Wellington Management Group LLP’s holdings in Huntington Bancshares were worth $1,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management acquired a new position in Huntington Bancshares during the second quarter worth $25,000. Clear Street Markets LLC raised its stake in shares of Huntington Bancshares by 81.6% during the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after buying an additional 1,272 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter worth about $35,000. Sunbelt Securities Inc. acquired a new stake in Huntington Bancshares in the 1st quarter valued at about $35,000. Finally, Baker Avenue Asset Management LP increased its holdings in Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after acquiring an additional 963 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 3.4 %

HBAN stock opened at $13.79 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73. The company has a market cap of $20.00 billion, a price-to-earnings ratio of 11.12 and a beta of 1.09. The business has a fifty day simple moving average of $12.98 and a 200-day simple moving average of $11.78. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $13.80.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Friday, March 15th. This represents a $0.62 annualized dividend and a yield of 4.50%. Huntington Bancshares’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 over the last three months. 0.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James upped their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a report on Tuesday, December 26th. Citigroup raised their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Royal Bank of Canada lifted their price objective on Huntington Bancshares from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Finally, StockNews.com cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.66.

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.