Commonwealth Equity Services LLC Sells 2,044 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Commonwealth Equity Services LLC decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 836,492 shares of the bank’s stock after selling 2,044 shares during the period. Commonwealth Equity Services LLC owned 0.06% of Huntington Bancshares worth $11,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Natixis Advisors L.P. grew its holdings in shares of Huntington Bancshares by 8.0% during the fourth quarter. Natixis Advisors L.P. now owns 541,550 shares of the bank’s stock valued at $6,888,000 after buying an additional 40,263 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $1,485,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Huntington Bancshares by 125.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 67,978 shares of the bank’s stock valued at $865,000 after buying an additional 37,828 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $180,000. Finally, M&T Bank Corp grew its holdings in shares of Huntington Bancshares by 9.3% during the fourth quarter. M&T Bank Corp now owns 48,717 shares of the bank’s stock valued at $620,000 after buying an additional 4,155 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 0.3 %

Shares of Huntington Bancshares stock opened at $14.73 on Thursday. The company’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $13.61. The stock has a market capitalization of $21.39 billion, a PE ratio of 13.27, a P/E/G ratio of 3.05 and a beta of 1.06. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period last year, the firm earned $0.35 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.21%. Huntington Bancshares’s payout ratio is 55.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Morgan Stanley increased their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler raised their target price on shares of Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Bank of America raised their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada raised their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.59.

Insider Activity

In other news, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the sale, the insider now directly owns 65,899 shares in the company, valued at approximately $987,167.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the sale, the insider now directly owns 65,899 shares in the company, valued at approximately $987,167.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of Huntington Bancshares stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares in the company, valued at $4,021,690.17. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock worth $1,762,904 in the last three months. Company insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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.