Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 20.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,862 shares of the bank’s stock after selling 53,089 shares during the quarter. Atria Investments Inc’s holdings in Huntington Bancshares were worth $2,844,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HBAN. Boston Partners lifted its holdings in Huntington Bancshares by 59.3% in the fourth quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock valued at $593,408,000 after acquiring an additional 17,365,446 shares during the period. Norges Bank acquired a new stake in Huntington Bancshares in the fourth quarter valued at $206,703,000. KBC Group NV lifted its holdings in Huntington Bancshares by 715.0% in the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after acquiring an additional 3,729,974 shares during the period. National Bank of Canada FI lifted its holdings in Huntington Bancshares by 832.7% in the first quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after acquiring an additional 2,979,768 shares during the period. Finally, Scout Investments Inc. acquired a new stake in Huntington Bancshares in the first quarter valued at $35,428,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the transaction, the insider now directly owns 648,904 shares of the company’s stock, valued at approximately $8,851,050.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the sale, the chief financial officer now directly owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the sale, the insider now directly owns 648,904 shares in the company, valued at $8,851,050.56. The disclosure for this sale can be found here. Insiders have sold a total of 123,900 shares of company stock valued at $1,862,176 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 4.3 %

Shares of NASDAQ HBAN traded down $0.62 on Friday, reaching $13.75. 19,146,484 shares of the company traded hands, compared to its average volume of 20,486,328. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $15.24. The stock has a market capitalization of $19.97 billion, a PE ratio of 12.39, a P/E/G ratio of 2.94 and a beta of 1.06. The company has a 50 day moving average of $13.52 and a 200 day moving average of $13.37.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter in the previous year, the business earned $0.35 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HBAN shares. Bank of America raised their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Evercore ISI cut their price target on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Morgan Stanley lifted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. UBS Group cut their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Finally, Keefe, Bruyette & Woods cut their price target on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $15.47.

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.