Aberdeen Group plc Sells 34,392 Shares of Huntington Bancshares Incorporated $HBAN

Aberdeen Group plc cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320,059 shares of the bank’s stock after selling 34,392 shares during the period. Aberdeen Group plc owned about 0.08% of Huntington Bancshares worth $22,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of HBAN. Sagespring Wealth Partners LLC lifted its position in shares of Huntington Bancshares by 2.4% in the fourth 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 in the last quarter. Parcion Private Wealth LLC grew its position in shares of Huntington Bancshares by 6.2% during the third quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after purchasing an additional 648 shares in the last quarter. Strategic Planning Inc. raised its stake in Huntington Bancshares by 0.3% during the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock valued at $3,442,000 after purchasing an additional 670 shares during the period. Rehmann Capital Advisory Group raised its stake in 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 purchasing an additional 694 shares during the period. Finally, Glenmede Investment Management LP lifted its holdings in Huntington Bancshares by 1.7% in the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock worth $755,000 after purchasing an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $15.79 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $19.45. The company has a market capitalization of $32.17 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.64 and a beta of 0.95. The firm’s 50-day moving average is $16.75 and its 200 day moving average is $16.78.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the business earned $0.34 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is 44.60%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HBAN. Wolfe Research dropped their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. National Bank Financial set a $21.00 target price on Huntington Bancshares in a research report on Wednesday, February 4th. Stephens raised their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, December 18th. Keefe, Bruyette & Woods reduced their price target on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a research report on Friday, January 23rd. Finally, Evercore began coverage on shares of Huntington Bancshares in a research report on Tuesday, February 3rd. They set an “outperform” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $20.43.

Insider Transactions at Huntington Bancshares

In related news, Director Gary Torgow purchased 14,200 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $17.81 per share, with a total value of $252,902.00. Following the purchase, the director directly owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. This represents a 1.53% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brendan A. Lawlor sold 17,455 shares of Huntington Bancshares stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total transaction of $330,423.15. Following the sale, the vice president owned 42,398 shares of the company’s stock, valued at $802,594.14. The trade was a 29.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 27,700 shares of company stock valued at $540,401 and sold 108,986 shares valued at $1,785,958. Company insiders own 0.67% of the company’s stock.

About Huntington Bancshares

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.