Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 709,229 shares of the bank’s stock after selling 110,085 shares during the period. Toronto Dominion Bank’s holdings in Huntington Bancshares were worth $9,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Huntington Bancshares by 38.7% in the fourth quarter. Parallel Advisors LLC now owns 7,542 shares of the bank’s stock valued at $96,000 after purchasing an additional 2,105 shares during the period. TD Asset Management Inc grew its stake in shares of Huntington Bancshares by 5.1% during the 4th quarter. TD Asset Management Inc now owns 521,823 shares of the bank’s stock valued at $6,638,000 after buying an additional 25,142 shares during the period. Stifel Financial Corp increased its holdings in shares of Huntington Bancshares by 2.7% during the 4th quarter. Stifel Financial Corp now owns 1,340,804 shares of the bank’s stock worth $17,055,000 after buying an additional 34,705 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in shares of Huntington Bancshares in the 4th quarter worth $314,000. Finally, Treasurer of the State of North Carolina grew its position in Huntington Bancshares by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 656,222 shares of the bank’s stock valued at $8,347,000 after acquiring an additional 6,250 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s 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 transaction, the chief financial officer now owns 265,809 shares of the company’s stock, valued at $4,021,690.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,622 shares of company stock worth $1,762,904. 0.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HBAN. JPMorgan Chase & Co. cut their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Argus boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. UBS Group cut their target price on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, June 13th. Royal Bank of Canada upped their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Finally, Piper Sandler raised their price objective on Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.59.

Huntington Bancshares Stock Up 0.5 %

NASDAQ:HBAN opened at $14.64 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $21.26 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $15.24. The stock has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $13.77.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter last year, the firm earned $0.35 EPS. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.23%. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

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.