Skandinaviska Enskilda Banken AB publ Decreases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Skandinaviska Enskilda Banken AB publ reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 16.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 373,203 shares of the bank’s stock after selling 73,186 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Huntington Bancshares were worth $5,770,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HBAN. Fieldpoint Private Securities LLC raised its position in Huntington Bancshares by 135.5% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,766 shares of the bank’s stock worth $26,000 after buying an additional 1,016 shares during the last quarter. Evermay Wealth Management LLC purchased a new position in Huntington Bancshares during the 2nd quarter worth approximately $39,000. Stonebridge Capital Advisors LLC raised its position in Huntington Bancshares by 62.2% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 2,709 shares of the bank’s stock worth $39,000 after buying an additional 1,039 shares during the last quarter. Covington Capital Management raised its position in Huntington Bancshares by 180.0% during the 2nd quarter. Covington Capital Management now owns 3,500 shares of the bank’s stock worth $50,000 after buying an additional 2,250 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Huntington Bancshares during the 2nd quarter worth approximately $53,000. 78.20% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on HBAN shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Huntington Bancshares in a research note on Friday, December 17th. Raymond James lifted their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 7th. UBS Group started coverage on shares of Huntington Bancshares in a research note on Wednesday. They issued a “buy” rating and a $21.00 price target on the stock. TheStreet raised shares of Huntington Bancshares from a “c+” rating to a “b-” rating in a research note on Friday, September 17th. Finally, Wolfe Research cut shares of Huntington Bancshares from an “outperform” rating to a “peer perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Wednesday, November 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Huntington Bancshares has an average rating of “Hold” and a consensus target price of $17.94.

In related news, EVP Richard A. Pohle sold 4,837 shares of the business’s stock in a transaction dated Wednesday, October 20th. The shares were sold at an average price of $16.50, for a total value of $79,810.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sandra E. Pierce sold 17,511 shares of the business’s stock in a transaction dated Monday, January 10th. The shares were sold at an average price of $17.35, for a total transaction of $303,815.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,827 shares of company stock worth $5,907,614. Insiders own 1.04% of the company’s stock.

NASDAQ HBAN opened at $17.63 on Friday. Huntington Bancshares Incorporated has a 52 week low of $13.01 and a 52 week high of $17.64. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $15.83 and its 200-day simple moving average is $15.34. The firm has a market cap of $25.50 billion, a PE ratio of 12.87, a P/E/G ratio of 0.49 and a beta of 1.27.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, October 27th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.14). Huntington Bancshares had a return on equity of 13.28% and a net margin of 30.72%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue was up 35.8% on a year-over-year basis. Research analysts expect that Huntington Bancshares Incorporated will post 1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Friday, December 17th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, December 16th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.15. Huntington Bancshares’s payout ratio is currently 45.26%.

About Huntington Bancshares

Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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

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