Natixis Advisors LLC Sells 33,780 Shares of Huntington Bancshares Incorporated $HBAN

Natixis Advisors LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 880,217 shares of the bank’s stock after selling 33,780 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Huntington Bancshares worth $15,272,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sagespring Wealth Partners LLC boosted its position in shares of Huntington Bancshares by 2.4% during the 4th quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock valued at $438,000 after acquiring an additional 587 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock valued at $292,000 after acquiring an additional 694 shares during the last quarter. Glenmede Investment Management LP boosted its position in shares of Huntington Bancshares by 1.7% during the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock valued at $755,000 after acquiring an additional 728 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Huntington Bancshares by 2.5% during the 3rd quarter. Advisory Services Network LLC now owns 29,690 shares of the bank’s stock valued at $513,000 after acquiring an additional 737 shares during the last quarter. Finally, Hill Island Financial LLC boosted its position in shares of Huntington Bancshares by 3.0% during the 4th quarter. Hill Island Financial LLC now owns 27,377 shares of the bank’s stock valued at $475,000 after acquiring an additional 803 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Prashant Nateri sold 10,171 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the sale, the insider directly owned 83,819 shares of the company’s stock, valued at $1,299,194.50. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James D. Rollins III purchased 4,798 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $20.30 per share, for a total transaction of $97,399.40. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at $203,000. This trade represents a 92.23% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 34,627 shares of company stock valued at $646,157 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

HBAN has been the subject of a number of research analyst reports. Wolfe Research dropped their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada dropped their target price on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, April 7th. Barclays lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Morgan Stanley cut their target price on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their target price on Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Stock Down 0.1%

Shares of HBAN opened at $16.52 on Friday. The firm has a market cap of $33.49 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.75 and a beta of 0.94. The stock has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $16.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is presently 47.69%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.