Huntington Bancshares Incorporated (NASDAQ:HBAN) Stake Lessened by Windsor Advisory Group LLC

Windsor Advisory Group LLC cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 43.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,868 shares of the bank’s stock after selling 79,389 shares during the period. Huntington Bancshares makes up about 1.9% of Windsor Advisory Group LLC’s portfolio, making the stock its 10th largest holding. Windsor Advisory Group LLC’s holdings in Huntington Bancshares were worth $1,657,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Creative Capital Management Investments LLC raised its position in shares of Huntington Bancshares by 17,533.3% during the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock worth $26,000 after purchasing an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Huntington Bancshares in the fourth quarter valued at approximately $37,000. Transce3nd LLC acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth approximately $48,000. Finally, Asset Dedication LLC increased its position in shares of Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock worth $50,000 after purchasing an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $16.12 on Tuesday. The firm has a 50-day simple moving average of $14.49 and a two-hundred day simple moving average of $15.98. The stock has a market cap of $23.55 billion, a PE ratio of 13.11, a P/E/G ratio of 1.33 and a beta of 0.89. Huntington Bancshares Incorporated has a 1-year low of $11.92 and a 1-year high of $18.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $0.27 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.85%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares’s payout ratio is 47.33%.

Huntington Bancshares announced that its Board of Directors has authorized a stock buyback program on Thursday, April 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the bank to buy up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price objective on Huntington Bancshares from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. Royal Bank of Canada decreased their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, April 21st. Raymond James reaffirmed a “strong-buy” rating and set a $18.00 price objective (down previously from $20.00) on shares of Huntington Bancshares in a research note on Monday, April 21st. Cowen assumed coverage on shares of Huntington Bancshares in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Finally, Citigroup dropped their price target on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $17.58.

Insider Activity at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the sale, the vice president now owns 47,950 shares of the company’s stock, valued at approximately $731,237.50. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kendall A. Kowalski sold 25,419 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $13.68, for a total value of $347,731.92. Following the completion of the sale, the insider now owns 70,281 shares in the company, valued at approximately $961,444.08. The trade was a 26.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 312,456 shares of company stock worth $4,464,105 in the last three months. 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.