Wealthcare Advisory Partners LLC Sells 1,454 Shares of Huntington Bancshares Incorporated $HBAN

Wealthcare Advisory Partners LLC lessened its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,131 shares of the bank’s stock after selling 1,454 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Huntington Bancshares were worth $354,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Huntington Bancshares by 0.6% in the first quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank’s stock valued at $2,611,094,000 after purchasing an additional 978,565 shares in the last quarter. Invesco Ltd. increased its stake in Huntington Bancshares by 8.7% in the first quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after purchasing an additional 4,586,607 shares in the last quarter. Victory Capital Management Inc. increased its stake in Huntington Bancshares by 9.2% in the first quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank’s stock valued at $357,670,000 after purchasing an additional 2,003,683 shares in the last quarter. Amundi increased its stake in Huntington Bancshares by 26.2% in the first quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after purchasing an additional 4,576,432 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Huntington Bancshares by 2.5% in the first quarter. Federated Hermes Inc. now owns 20,103,485 shares of the bank’s stock valued at $301,753,000 after purchasing an additional 498,182 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Thursday, July 3rd. DA Davidson upped their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Morgan Stanley upped their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.24.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is owned by insiders.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $16.34 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The firm’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $16.06. The firm has a market capitalization of $23.84 billion, a P/E ratio of 12.10, a PEG ratio of 0.79 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were given a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

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.