Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,741 shares of the bank’s stock after selling 8,834 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Huntington Bancshares were worth $2,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HBAN. American Century Companies Inc. increased its stake in shares of Huntington Bancshares by 11.8% during the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock valued at $2,765,000 after acquiring an additional 19,959 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Huntington Bancshares during the 1st quarter worth approximately $315,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Huntington Bancshares by 309.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after purchasing an additional 7,558 shares in the last quarter. Panagora Asset Management Inc. increased its position in Huntington Bancshares by 40.9% during the 1st quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after purchasing an additional 30,296 shares in the last quarter. Finally, Aviva PLC increased its position in Huntington Bancshares by 58.2% during the 1st quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after purchasing an additional 293,944 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HBAN shares. Bank of America raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. Morgan Stanley increased their target price on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. JPMorgan Chase & Co. increased their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Finally, Raymond James increased their price objective on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.97.

Huntington Bancshares Stock Up 0.8 %

HBAN stock opened at $13.28 on Friday. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $14.07. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $19.26 billion, a P/E ratio of 10.71, a PEG ratio of 2.44 and a beta of 1.11. The firm has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $12.13.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company earned $0.43 earnings per share. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.67%. Huntington Bancshares’s payout ratio is currently 50.00%.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock valued at $1,360,359 over the last 90 days. 0.89% of the stock is owned by company insiders.

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.