Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,087,042 shares of the bank’s stock after selling 71,610 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.29% of Huntington Bancshares worth $43,095,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of HBAN. Sun Life Financial INC lifted its holdings in shares of Huntington Bancshares by 99,812.5% in the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Huntington Bancshares in the second quarter valued at about $134,000. Verition Fund Management LLC bought a new stake in shares of Huntington Bancshares in the second quarter valued at about $139,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Huntington Bancshares by 8.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after purchasing an additional 834 shares in the last quarter. Finally, Foster & Motley Inc. lifted its holdings in shares of Huntington Bancshares by 2.2% in the second quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock valued at $142,000 after purchasing an additional 224 shares in the last quarter. 73.77% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the transaction, the insider now owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the transaction, the executive vice president now directly owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter in the prior year, the company earned $0.11 EPS. equities research analysts forecast that Huntington Bancshares Incorporated will post 0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be paid a $0.11 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.03%. Huntington Bancshares’s dividend payout ratio is currently 39.51%.
A number of brokerages have recently commented on HBAN. Keefe, Bruyette & Woods set a $14.00 price target on Huntington Bancshares and gave the company a “hold” rating in a report on Friday, August 11th. Piper Jaffray Companies upgraded Huntington Bancshares from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $15.00 in a report on Friday, August 11th. BMO Capital Markets lowered Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 target price on the stock. in a report on Thursday, October 26th. FBR & Co reiterated a “hold” rating and set a $14.00 target price on shares of Huntington Bancshares in a report on Thursday, October 26th. Finally, JMP Securities began coverage on Huntington Bancshares in a report on Thursday, August 31st. They set an “outperform” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. Huntington Bancshares currently has a consensus rating of “Buy” and a consensus target price of $15.24.
Huntington Bancshares Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
Receive News & Ratings for Huntington Bancshares Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.