Huntington Bancshares Incorporated $HBAN Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,200,089 shares of the bank’s stock after selling 184,581 shares during the period. Fisher Asset Management LLC’s holdings in Huntington Bancshares were worth $55,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in Huntington Bancshares by 0.6% during the fourth quarter. Legal & General Group Plc now owns 9,277,672 shares of the bank’s stock worth $160,968,000 after purchasing an additional 57,385 shares in the last quarter. Mathes Company Inc. purchased a new position in Huntington Bancshares during the fourth quarter worth about $213,000. Todd Asset Management LLC raised its holdings in Huntington Bancshares by 2.2% during the fourth quarter. Todd Asset Management LLC now owns 53,931 shares of the bank’s stock worth $936,000 after purchasing an additional 1,160 shares in the last quarter. Swedbank AB grew its position in Huntington Bancshares by 0.8% during the fourth quarter. Swedbank AB now owns 415,578 shares of the bank’s stock worth $7,210,000 after buying an additional 3,308 shares during the period. Finally, Prospera Financial Services Inc grew its position in Huntington Bancshares by 14.1% during the fourth quarter. Prospera Financial Services Inc now owns 26,319 shares of the bank’s stock worth $457,000 after buying an additional 3,243 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. National Bank Financial set a $21.00 target price on shares of Huntington Bancshares in a research report on Wednesday, February 4th. DA Davidson lowered their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Argus upped their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Barclays lowered shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $20.05.

Insiders Place Their Bets

In other news, VP Scott D. Kleinman sold 65,530 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.28, for a total value of $1,001,298.40. Following the transaction, the vice president owned 481,676 shares of the company’s stock, valued at approximately $7,360,009.28. This trade represents a 11.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Prashant Nateri sold 10,171 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the transaction, the insider directly owned 83,819 shares in the company, valued at approximately $1,299,194.50. This represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have purchased a total of 25,000 shares of company stock valued at $503,822 over the last quarter. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $16.06 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $32.56 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.73 and a beta of 0.96. The company’s 50 day simple moving average is $15.99 and its 200 day simple moving average is $16.76. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter last year, the firm posted $0.34 earnings per share. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.62 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 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.