Huntington Bancshares Incorporated $HBAN Stock Position Reduced by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,206 shares of the bank’s stock after selling 698 shares during the period. Axxcess Wealth Management LLC’s holdings in Huntington Bancshares were worth $1,210,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. bought a new position in Huntington Bancshares during the 2nd quarter worth approximately $179,000. Vest Financial LLC lifted its holdings in Huntington Bancshares by 70.2% during the 2nd quarter. Vest Financial LLC now owns 262,846 shares of the bank’s stock worth $4,405,000 after buying an additional 108,387 shares during the last quarter. Almanack Investment Partners LLC. lifted its holdings in Huntington Bancshares by 1.1% during the 2nd quarter. Almanack Investment Partners LLC. now owns 69,699 shares of the bank’s stock worth $1,168,000 after buying an additional 768 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Huntington Bancshares during the 2nd quarter worth approximately $1,539,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Huntington Bancshares by 26.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after buying an additional 35,014 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HBAN shares. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Thursday, July 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Jefferies Financial Group raised their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Citigroup raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

Huntington Bancshares Stock Down 5.2%

HBAN opened at $15.37 on Friday. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $22.42 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.76 and a beta of 0.96. The stock’s 50 day moving average price is $17.09 and its 200 day moving average price is $16.09.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%.The firm had revenue of $469.00 million for the quarter. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares 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.