ProShare Advisors LLC Sells 24,928 Shares of Huntington Bancshares Incorporated $HBAN

ProShare Advisors LLC trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,997 shares of the bank’s stock after selling 24,928 shares during the quarter. ProShare Advisors LLC’s holdings in Huntington Bancshares were worth $6,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HBAN. Allworth Financial LP boosted its position in shares of Huntington Bancshares by 22.5% during the first quarter. Allworth Financial LP now owns 8,888 shares of the bank’s stock worth $129,000 after acquiring an additional 1,630 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Huntington Bancshares by 0.6% in the 1st quarter. New York State Common Retirement Fund now owns 802,022 shares of the bank’s stock worth $12,038,000 after purchasing an additional 5,000 shares in the last quarter. CWM LLC boosted its holdings in shares of Huntington Bancshares by 65.7% during the 1st quarter. CWM LLC now owns 225,078 shares of the bank’s stock valued at $3,378,000 after purchasing an additional 89,237 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Huntington Bancshares by 9.0% during the first quarter. Apollon Wealth Management LLC now owns 11,454 shares of the bank’s stock valued at $172,000 after purchasing an additional 946 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Huntington Bancshares by 32.9% in the first quarter. Sage Mountain Advisors LLC now owns 14,616 shares of the bank’s stock worth $219,000 after purchasing an additional 3,621 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HBAN. Deutsche Bank Aktiengesellschaft increased their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Jefferies Financial Group cut their target price on shares of Huntington Bancshares from $20.00 to $19.00 in a report on Monday, November 3rd. Evercore ISI initiated coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Finally, Stephens boosted their target price on shares of Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.66.

Huntington Bancshares Trading Down 1.5%

Shares of HBAN opened at $15.71 on Friday. The company’s fifty day simple moving average is $16.50 and its 200-day simple moving average is $16.39. The company has a market cap of $22.93 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.66 and a beta of 1.01. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The firm had revenue of $469.00 million during the quarter. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Buying and Selling

In other Huntington Bancshares news, Director John C. Inglis acquired 6,506 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the acquisition, the director directly owned 89,831 shares in the company, valued at $1,374,414.30. The trade was a 7.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.89% of the stock is currently owned by company insiders.

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.