KMG Fiduciary Partners LLC Decreases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)


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KMG Fiduciary Partners LLC lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,408 shares of the bank’s stock after selling 1,700 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Huntington Bancshares were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HBAN. Cigna Investments Inc. New boosted its position in shares of Huntington Bancshares by 4.1% during the 3rd quarter. Cigna Investments Inc. New now owns 33,221 shares of the bank’s stock valued at $305,000 after acquiring an additional 1,300 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in Huntington Bancshares by 6.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,333 shares of the bank’s stock worth $196,000 after purchasing an additional 1,326 shares during the period. Daiwa Securities Group Inc. increased its stake in Huntington Bancshares by 2.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 52,847 shares of the bank’s stock worth $485,000 after purchasing an additional 1,361 shares during the period. Trust Investment Advisors increased its stake in Huntington Bancshares by 2.0% in the 3rd quarter. Trust Investment Advisors now owns 68,246 shares of the bank’s stock worth $626,000 after purchasing an additional 1,361 shares during the period. Finally, Donaldson Capital Management LLC increased its stake in Huntington Bancshares by 6.0% in the 4th quarter. Donaldson Capital Management LLC now owns 25,341 shares of the bank’s stock worth $320,000 after purchasing an additional 1,429 shares during the period. 69.41% of the stock is owned by institutional investors.

Huntington Bancshares stock opened at $14.87 on Thursday. The stock has a market cap of $15.13 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 3.69 and a beta of 1.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 0.91. Huntington Bancshares Incorporated has a one year low of $6.82 and a one year high of $15.06. The stock has a fifty day moving average of $12.92 and a 200 day moving average of $10.54.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Huntington Bancshares had a return on equity of 7.70% and a net margin of 15.34%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 0.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 4th. Shareholders of record on Friday, December 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, December 17th. Huntington Bancshares’s payout ratio is 47.24%.

Several equities analysts have recently issued reports on the company. Robert W. Baird boosted their target price on Huntington Bancshares from $11.00 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, December 15th. TheStreet raised Huntington Bancshares from a “c+” rating to a “b” rating in a research note on Friday, October 30th. Raymond James boosted their target price on Huntington Bancshares from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, December 15th. Deutsche Bank Aktiengesellschaft boosted their target price on Huntington Bancshares from $10.50 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, January 6th. Finally, JPMorgan Chase & Co. upgraded Huntington Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $11.00 to $16.50 in a research report on Tuesday, December 15th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $11.96.

In other Huntington Bancshares news, EVP Mark E. Thompson sold 50,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $10.16, for a total value of $508,000.00. Following the completion of the sale, the executive vice president now owns 608,283 shares in the company, valued at $6,180,155.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

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).

See Also: Reverse Stock Split

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

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