Robeco Institutional Asset Management B.V. Reduces Holdings in Huntington Bancshares Incorporated $HBAN

Robeco Institutional Asset Management B.V. cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.0% during the third quarter, HoldingsChannel reports. The fund owned 1,659,488 shares of the bank’s stock after selling 68,616 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Huntington Bancshares were worth $28,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HBAN. EP Wealth Advisors LLC increased its position in shares of Huntington Bancshares by 18.2% during the first quarter. EP Wealth Advisors LLC now owns 14,777 shares of the bank’s stock worth $222,000 after acquiring an additional 2,272 shares during the period. Alliancebernstein L.P. increased its position in Huntington Bancshares by 1.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,808,383 shares of the bank’s stock worth $27,144,000 after purchasing an additional 27,100 shares during the period. Integrated Wealth Concepts LLC increased its stake in Huntington Bancshares by 2.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 69,331 shares of the bank’s stock valued at $1,041,000 after purchasing an additional 1,342 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Huntington Bancshares by 13.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 287,937 shares of the bank’s stock worth $4,322,000 after purchasing an additional 33,150 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new position in shares of Huntington Bancshares in the first quarter worth $282,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, October 10th. Stephens boosted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. Finally, Evercore ISI assumed coverage on Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.03.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 12,832 shares of Huntington Bancshares stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the transaction, the executive vice president directly owned 239,473 shares in the company, valued at approximately $4,310,514. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 64,587 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $15.38, for a total value of $993,348.06. Following the sale, the insider directly owned 534,640 shares in the company, valued at approximately $8,222,763.20. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,863 shares of company stock valued at $1,396,634 in the last 90 days. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $18.14 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.35. The business has a 50 day moving average price of $16.70 and a two-hundred day moving average price of $16.79. The firm has a market cap of $26.47 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.61 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The company had revenue of $580.00 million for the quarter. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is 43.36%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.