Calamos Advisors LLC Has $5.76 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Calamos Advisors LLC trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 56.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,017 shares of the bank’s stock after selling 585,918 shares during the period. Calamos Advisors LLC’s holdings in Huntington Bancshares were worth $5,762,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HBAN. Norges Bank acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at $216,049,000. First Trust Advisors LP increased its position in Huntington Bancshares by 359.4% in the 1st quarter. First Trust Advisors LP now owns 18,947,586 shares of the bank’s stock valued at $212,213,000 after acquiring an additional 14,823,508 shares in the last quarter. Boston Partners raised its stake in shares of Huntington Bancshares by 33.0% in the third quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after acquiring an additional 7,271,405 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in Huntington Bancshares by 2,536.9% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 5,936,016 shares of the bank’s stock worth $66,483,000 after purchasing an additional 5,710,903 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Huntington Bancshares by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock worth $186,421,000 after buying an additional 3,438,552 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of recent research reports. Barclays upgraded Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $12.00 to $15.00 in a research report on Tuesday, January 2nd. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Raymond James raised their target price on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 26th. StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Finally, Evercore ISI raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.97.

Huntington Bancshares Price Performance

HBAN opened at $13.28 on Friday. The stock has a market cap of $19.26 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.47 and a beta of 1.11. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $13.27 and a 200 day simple moving average of $12.15.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company posted $0.38 earnings per share. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.67%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Insider Buying and Selling

In other news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the sale, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

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.