Standard Life Aberdeen plc cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,380,946 shares of the bank’s stock after selling 16,862 shares during the quarter. Standard Life Aberdeen plc’s holdings in Huntington Bancshares were worth $35,904,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. National Pension Service raised its stake in shares of Huntington Bancshares by 5.4% in the third quarter. National Pension Service now owns 1,520,927 shares of the bank’s stock worth $21,704,000 after acquiring an additional 78,030 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Huntington Bancshares by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 1,839,426 shares of the bank’s stock valued at $27,739,000 after purchasing an additional 5,184 shares in the last quarter. First Allied Advisory Services Inc. raised its position in Huntington Bancshares by 15.0% in the 4th quarter. First Allied Advisory Services Inc. now owns 76,117 shares of the bank’s stock worth $1,154,000 after purchasing an additional 9,930 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Huntington Bancshares in the 3rd quarter worth approximately $913,000. Finally, Lincoln National Corp lifted its holdings in Huntington Bancshares by 9.6% during the 4th quarter. Lincoln National Corp now owns 17,016 shares of the bank’s stock worth $257,000 after buying an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.
NASDAQ HBAN traded up $0.86 on Thursday, reaching $8.50. The company had a trading volume of 15,544,351 shares, compared to its average volume of 13,344,018. Huntington Bancshares Incorporated has a 52 week low of $6.85 and a 52 week high of $15.63. The stock’s 50 day moving average is $11.61 and its 200-day moving average is $13.80. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 1.22 and a beta of 1.43.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a $0.15 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.06%. Huntington Bancshares’s dividend payout ratio is 47.24%.
Several brokerages have recently issued reports on HBAN. Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 price target on shares of Huntington Bancshares in a research note on Monday, January 27th. Deutsche Bank lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $16.00 in a report on Wednesday, February 26th. BMO Capital Markets upgraded shares of Huntington Bancshares from an “underperform” rating to a “market perform” rating and set a $15.00 target price on the stock in a research report on Thursday, January 30th. Finally, Barclays reaffirmed a “hold” rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.43.
In other news, Director Richard W. Neu acquired 5,900 shares of Huntington Bancshares stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of $13.48 per share, with a total value of $79,532.00. Following the purchase, the director now directly owns 216,516 shares of the company’s stock, valued at $2,918,635.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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