SG Americas Securities LLC Has $119,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

SG Americas Securities LLC lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 80.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,462 shares of the bank’s stock after selling 33,985 shares during the quarter. SG Americas Securities LLC’s holdings in Huntington Bancshares were worth $119,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HBAN. Price T Rowe Associates Inc. MD boosted its stake in Huntington Bancshares by 4.4% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 72,288,893 shares of the bank’s stock valued at $952,769,000 after purchasing an additional 3,025,509 shares during the last quarter. BlackRock Inc. raised its holdings in Huntington Bancshares by 1.9% during the 3rd quarter. BlackRock Inc. now owns 140,041,365 shares of the bank’s stock valued at $1,845,745,000 after acquiring an additional 2,554,894 shares during the period. Vanguard Group Inc. grew its position in shares of Huntington Bancshares by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 162,794,916 shares of the bank’s stock valued at $2,380,062,000 after purchasing an additional 2,353,575 shares in the last quarter. State Street Corp grew its position in shares of Huntington Bancshares by 3.1% during the 3rd quarter. State Street Corp now owns 76,435,572 shares of the bank’s stock valued at $1,018,994,000 after purchasing an additional 2,266,557 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Huntington Bancshares by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 39,384,881 shares of the bank’s stock valued at $575,807,000 after purchasing an additional 1,736,566 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 98,608 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total transaction of $1,010,732.00. Following the transaction, the chief financial officer now directly owns 188,767 shares in the company, valued at $1,934,861.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kenneth J. Phelan purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The shares were purchased at an average price of $10.80 per share, with a total value of $216,000.00. Following the purchase, the director now owns 89,285 shares of the company’s stock, valued at approximately $964,278. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 98,608 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.25, for a total value of $1,010,732.00. Following the sale, the chief financial officer now owns 188,767 shares of the company’s stock, valued at $1,934,861.75. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 3.0 %

Shares of HBAN stock opened at $9.56 on Tuesday. The stock has a market capitalization of $13.80 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 5.21 and a beta of 1.06. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 0.86. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $15.74. The company has a 50 day moving average price of $11.08 and a 200 day moving average price of $13.51.

Huntington Bancshares (NASDAQ:HBAN – Get Rating) last issued its quarterly earnings data on Thursday, April 20th. The bank reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Huntington Bancshares had a net margin of 27.06% and a return on equity of 15.33%. During the same period in the prior year, the company earned $0.32 EPS. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.44 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Monday, June 19th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Thursday, June 15th. Huntington Bancshares’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HBAN. Keefe, Bruyette & Woods upgraded shares of Huntington Bancshares from an “underperform” rating to a “market perform” rating and cut their target price for the stock from $13.50 to $13.00 in a research report on Wednesday, April 5th. StockNews.com cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. UBS Group cut shares of Huntington Bancshares from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. Morgan Stanley dropped their target price on shares of Huntington Bancshares from $18.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 5th. Finally, Royal Bank of Canada decreased their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Hold” and an average price target of $13.83.

About Huntington Bancshares

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Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services.