Los Angeles Capital Management LLC Has $3.58 Million Position in Huntington Bancshares Incorporated $HBAN

Los Angeles Capital Management LLC reduced its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 38.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 206,247 shares of the bank’s stock after selling 127,264 shares during the period. Los Angeles Capital Management LLC’s holdings in Huntington Bancshares were worth $3,578,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its position in Huntington Bancshares by 24.5% in the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock valued at $9,248,000 after buying an additional 104,965 shares in the last quarter. Midwest Trust Co boosted its position in Huntington Bancshares by 12.7% in the third quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock valued at $26,095,000 after buying an additional 170,240 shares in the last quarter. Vanguard Group Inc. boosted its position in Huntington Bancshares by 0.4% in the third quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after buying an additional 680,601 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Huntington Bancshares by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock valued at $159,543,000 after buying an additional 314,544 shares in the last quarter. Finally, Fieldview Capital Management LLC boosted its position in Huntington Bancshares by 15.9% in the third quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after buying an additional 65,828 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 2.0%

Shares of NASDAQ HBAN opened at $16.82 on Wednesday. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The company has a market cap of $34.10 billion, a PE ratio of 12.94, a P/E/G ratio of 0.75 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $16.19 and a two-hundred day moving average of $16.81.

Huntington Bancshares (NASDAQ:HBAN) last announced its 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. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s payout ratio is 47.69%.

Analyst Ratings Changes

A number of research firms have commented on HBAN. Royal Bank Of Canada reduced their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Evercore reduced their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. DA Davidson reduced their price target 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. 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. reduced their price target 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 equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.05.

Insider Buying and Selling

In related news, insider Prashant Nateri sold 10,171 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 83,819 shares of the company’s stock, valued at $1,299,194.50. The trade was a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 65,530 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the sale, the vice president directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired a total of 33,500 shares of company stock valued at $617,542 over the last ninety days. 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.