Teacher Retirement System of Texas Increases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Teacher Retirement System of Texas raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 12.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,138 shares of the bank’s stock after buying an additional 27,617 shares during the period. Teacher Retirement System of Texas’ holdings in Huntington Bancshares were worth $3,297,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Concord Wealth Partners raised its stake in shares of Huntington Bancshares by 72.0% during the second quarter. Concord Wealth Partners now owns 2,135 shares of the bank’s stock valued at $26,000 after acquiring an additional 894 shares in the last quarter. Allworth Financial LP raised its stake in shares of Huntington Bancshares by 91.9% during the third quarter. Allworth Financial LP now owns 1,998 shares of the bank’s stock valued at $26,000 after acquiring an additional 957 shares in the last quarter. Evoke Wealth LLC raised its stake in shares of Huntington Bancshares by 142.6% during the second quarter. Evoke Wealth LLC now owns 2,921 shares of the bank’s stock valued at $35,000 after acquiring an additional 1,717 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $36,000. Finally, Charter Oak Capital Management LLC bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In other news, VP Scott D. Kleinman sold 9,749 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the sale, the vice president now directly owns 214,477 shares of the company’s stock, valued at $3,324,393.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Huntington Bancshares news, VP Michael Scott Jones sold 50,000 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $15.25, for a total value of $762,500.00. Following the sale, the vice president now directly owns 52,647 shares of the company’s stock, valued at $802,866.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott D. Kleinman sold 9,749 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the completion of the sale, the vice president now directly owns 214,477 shares in the company, valued at $3,324,393.50. The disclosure for this sale can be found here. Insiders have sold 87,804 shares of company stock valued at $1,346,779 over the last ninety days. 0.72% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of HBAN opened at $14.68 on Wednesday. The firm has a market capitalization of $21.18 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.30 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.84. Huntington Bancshares Incorporated has a 1-year low of $11.67 and a 1-year high of $16.51. The company’s fifty day moving average price is $14.50 and its 200-day moving average price is $14.04.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 20th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, March 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 42.76%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HBAN. JPMorgan Chase & Co. downgraded shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $15.50 to $14.50 in a research note on Tuesday, December 13th. DA Davidson assumed coverage on shares of Huntington Bancshares in a research note on Tuesday, December 20th. They issued a “neutral” rating and a $15.00 price objective for the company. They noted that the move was a valuation call. StockNews.com assumed coverage on shares of Huntington Bancshares in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares to $17.50 in a research note on Wednesday, November 16th. Finally, Stephens downgraded shares of Huntington Bancshares from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $15.00 to $16.00 in a research note on Monday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.53.

Huntington Bancshares Profile

(Get Rating)

Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services.

Read More

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.