Johnson Financial Group Inc. Lowers Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Johnson Financial Group Inc. trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 30.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,683 shares of the bank’s stock after selling 26,000 shares during the period. Johnson Financial Group Inc.’s holdings in Huntington Bancshares were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HBAN. Wetzel Investment Advisors Inc. purchased a new stake in Huntington Bancshares during the 4th quarter worth $29,000. Nemes Rush Group LLC boosted its position in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares during the last quarter. Planned Solutions Inc. purchased a new position in Huntington Bancshares in the 4th quarter valued at about $33,000. Authentikos Wealth Advisory LLC purchased a new position in Huntington Bancshares in the 3rd quarter valued at about $35,000. Finally, Baker Avenue Asset Management LP boosted its position in Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

HBAN traded up $0.16 on Friday, hitting $13.74. 8,929,129 shares of the company’s stock were exchanged, compared to its average volume of 10,992,201. The firm has a market cap of $19.91 billion, a PE ratio of 12.38, a P/E/G ratio of 2.52 and a beta of 1.09. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $14.30. The stock has a fifty day moving average of $13.67 and a two-hundred day moving average of $12.82. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.51%. Huntington Bancshares’s payout ratio is currently 55.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HBAN shares. Keefe, Bruyette & Woods upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Evercore ISI upped their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Finally, Stephens restated an “equal weight” rating and issued a $15.00 target price on shares of Huntington Bancshares in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares in the company, valued at $4,178,375.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,551 shares of company stock worth $2,834,671. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Company 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.