New York State Teachers Retirement System Has $18.43 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

New York State Teachers Retirement System trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,253,425 shares of the bank’s stock after selling 97,436 shares during the period. New York State Teachers Retirement System’s holdings in Huntington Bancshares were worth $18,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Valmark Advisers Inc. boosted its position in shares of Huntington Bancshares by 7.0% during the third quarter. Valmark Advisers Inc. now owns 45,653 shares of the bank’s stock worth $671,000 after purchasing an additional 2,970 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth $32,000. abrdn plc lifted its holdings in Huntington Bancshares by 3.9% during the third quarter. abrdn plc now owns 3,660,616 shares of the bank’s stock worth $53,976,000 after acquiring an additional 137,032 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in Huntington Bancshares in the third quarter valued at about $483,000. Finally, Leuthold Group LLC bought a new stake in shares of Huntington Bancshares in the third quarter worth about $4,229,000. Institutional investors own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. DA Davidson boosted their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. Barclays boosted their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Baird R W downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $16.09.

Huntington Bancshares Trading Down 0.7 %

Shares of Huntington Bancshares stock opened at $15.48 on Friday. Huntington Bancshares Incorporated has a 1 year low of $9.75 and a 1 year high of $16.03. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 3.21 and a beta of 1.04. The business has a fifty day simple moving average of $14.90 and a two-hundred day simple moving average of $14.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the prior year, the business earned $0.36 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.2 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 4.01%. Huntington Bancshares’s payout ratio is currently 59.62%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.