Huntington Bancshares Incorporated (HBAN) Holdings Reduced by Amundi Pioneer Asset Management Inc.

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Amundi Pioneer Asset Management Inc. decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,549,923 shares of the bank’s stock after selling 2,686,974 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Huntington Bancshares were worth $89,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Huntington Bancshares by 6.3% during the 4th quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock valued at $879,523,000 after buying an additional 4,341,210 shares in the last quarter. Boston Partners grew its holdings in Huntington Bancshares by 54.3% during the 4th quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock valued at $589,451,000 after buying an additional 17,411,546 shares in the last quarter. Geode Capital Management LLC grew its holdings in Huntington Bancshares by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 14,526,595 shares of the bank’s stock valued at $172,863,000 after buying an additional 709,854 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Huntington Bancshares by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,117,471 shares of the bank’s stock valued at $168,284,000 after buying an additional 1,714,381 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Huntington Bancshares by 12.3% in the fourth quarter. Bank of America Corp DE now owns 13,837,096 shares of the bank’s stock valued at $164,938,000 after purchasing an additional 1,512,128 shares in the last quarter. Institutional investors own 78.14% of the company’s stock.

A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of Huntington Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Jefferies Financial Group lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a report on Monday, January 28th. Vining Sparks reissued a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a report on Thursday, January 24th. Zacks Investment Research lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Finally, Sandler O’Neill lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, November 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.18.

In related news, EVP Daniel J. Neumeyer sold 60,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the sale, the executive vice president now directly owns 356,615 shares in the company, valued at $4,889,191.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathleen H. Ransier sold 3,067 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,577 shares of company stock valued at $1,116,158. 1.22% of the stock is owned by corporate insiders.

HBAN stock opened at $12.62 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $14.27 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business posted $0.26 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 18th will be given a $0.14 dividend. The ex-dividend date is Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a yield of 4.44%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.

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Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

Read More: Retained Earnings

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

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