New York State Teachers Retirement System Has $21.32 Million Holdings in Huntington Bancshares Incorporated $HBAN

New York State Teachers Retirement System lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,228,700 shares of the bank’s stock after purchasing an additional 137,616 shares during the period. New York State Teachers Retirement System’s holdings in Huntington Bancshares were worth $21,318,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Sagespring Wealth Partners LLC lifted its holdings in shares of Huntington Bancshares by 2.4% during the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after purchasing an additional 587 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of Huntington Bancshares by 4.3% during the third quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after purchasing an additional 694 shares during the period. Glenmede Investment Management LP lifted its holdings in shares of Huntington Bancshares by 1.7% during the third quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock worth $755,000 after purchasing an additional 728 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Huntington Bancshares by 2.5% during the third quarter. Advisory Services Network LLC now owns 29,690 shares of the bank’s stock worth $513,000 after purchasing an additional 737 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Huntington Bancshares by 1.0% during the third quarter. Benjamin Edwards Inc. now owns 73,147 shares of the bank’s stock worth $1,263,000 after purchasing an additional 758 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 65,530 shares of Huntington Bancshares stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.28, for a total value of $1,001,298.40. Following the completion of the sale, the vice president directly owned 481,676 shares of the company’s stock, valued at approximately $7,360,009.28. The trade was a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James D. Rollins III purchased 3,029 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average cost of $21.05 per share, with a total value of $63,760.45. Following the completion of the purchase, the director owned 9,500 shares of the company’s stock, valued at approximately $199,975. This represents a 46.81% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 39,200 shares of company stock valued at $756,724 and sold 98,986 shares valued at $1,600,958. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

HBAN stock opened at $16.63 on Friday. The firm has a market cap of $33.87 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.77 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 12-month low of $14.78 and a 12-month high of $19.45. The company’s fifty day simple moving average is $16.23 and its 200 day simple moving average is $16.73.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the previous year, the business earned $0.34 earnings per share. On average, analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s payout ratio is 47.69%.

Analyst Ratings Changes

A number of brokerages have recently commented on HBAN. National Bank Financial set a $21.00 price target on shares of Huntington Bancshares in a report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Morgan Stanley dropped their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. DA Davidson dropped their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.