Huntington Bancshares Incorporated $HBAN Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,320 shares of the bank’s stock after selling 26,848 shares during the period. Candriam S.C.A.’s holdings in Huntington Bancshares were worth $2,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Huntington Bancshares by 3.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 34,636 shares of the bank’s stock worth $520,000 after acquiring an additional 1,017 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Huntington Bancshares by 22.6% in the 1st quarter. Hsbc Holdings PLC now owns 7,608,553 shares of the bank’s stock valued at $113,882,000 after buying an additional 1,402,903 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Huntington Bancshares by 10.9% in the 1st quarter. Wellington Management Group LLP now owns 909,641 shares of the bank’s stock valued at $13,654,000 after buying an additional 89,322 shares in the last quarter. Korea Investment CORP boosted its holdings in shares of Huntington Bancshares by 0.4% in the 1st quarter. Korea Investment CORP now owns 686,498 shares of the bank’s stock valued at $10,304,000 after buying an additional 2,974 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Huntington Bancshares by 89.0% in the 1st quarter. Brooklyn Investment Group now owns 17,776 shares of the bank’s stock valued at $267,000 after buying an additional 8,371 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HBAN. Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Citigroup upped their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. DA Davidson upped their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 21st. Argus set a $17.00 target price on shares of Huntington Bancshares in a report on Friday, April 25th. Finally, Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $18.68.

Huntington Bancshares Stock Up 4.2%

HBAN stock opened at $17.36 on Friday. The company has a fifty day moving average price of $16.63 and a 200 day moving average price of $15.68. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The company has a market cap of $25.32 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 13,700 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total transaction of $216,323.00. Following the completion of the transaction, the executive vice president owned 337,879 shares in the company, valued at approximately $5,335,109.41. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Company Profile

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.