Cetera Advisors LLC lessened its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,742 shares of the bank’s stock after selling 3,551 shares during the period. Cetera Advisors LLC’s holdings in Huntington Bancshares were worth $289,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its stake in Huntington Bancshares by 13.2% during the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock worth $694,080,000 after buying an additional 5,800,000 shares during the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in Huntington Bancshares during the 3rd quarter worth approximately $23,872,000. Maltese Capital Management LLC purchased a new position in Huntington Bancshares during the 3rd quarter worth approximately $15,496,000. Bank of Montreal Can grew its stake in Huntington Bancshares by 24.2% during the 4th quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock worth $76,802,000 after buying an additional 1,027,377 shares during the last quarter. Finally, RWC Asset Management LLP grew its stake in Huntington Bancshares by 22.5% during the 3rd quarter. RWC Asset Management LLP now owns 2,973,996 shares of the bank’s stock worth $41,517,000 after buying an additional 546,133 shares during the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Incorporated (HBAN) traded down $0.24 during mid-day trading on Wednesday, hitting $16.05. The company’s stock had a trading volume of 6,970,351 shares, compared to its average volume of 10,720,000. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.94. The stock has a market cap of $17,210.00, a P/E ratio of 18.45, a P/E/G ratio of 1.25 and a beta of 1.33. Huntington Bancshares Incorporated has a one year low of $12.14 and a one year high of $16.60.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a $0.11 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.74%. Huntington Bancshares’s dividend payout ratio is currently 50.57%.
HBAN has been the topic of a number of research reports. ValuEngine upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, February 27th. Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $17.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Huntington Bancshares has a consensus rating of “Buy” and a consensus target price of $16.76.
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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.
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