Teachers Retirement System of The State of Kentucky Trims Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 108,493 shares of the bank’s stock after selling 6,359 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Huntington Bancshares were worth $1,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HBAN. Assenagon Asset Management S.A. grew its stake in shares of Huntington Bancshares by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 54,287 shares of the bank’s stock valued at $716,000 after buying an additional 814 shares in the last quarter. Blue Trust Inc. boosted its holdings in Huntington Bancshares by 40.6% during the 2nd quarter. Blue Trust Inc. now owns 11,822 shares of the bank’s stock valued at $165,000 after acquiring an additional 3,415 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Huntington Bancshares by 0.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,778,442 shares of the bank’s stock valued at $23,440,000 after acquiring an additional 15,206 shares in the last quarter. Dakota Wealth Management increased its stake in Huntington Bancshares by 14.1% during the second quarter. Dakota Wealth Management now owns 14,180 shares of the bank’s stock worth $187,000 after purchasing an additional 1,751 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Huntington Bancshares during the second quarter worth about $172,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 1.9 %

Shares of Huntington Bancshares stock opened at $16.94 on Wednesday. The company has a fifty day simple moving average of $16.75 and a 200-day simple moving average of $14.91. Huntington Bancshares Incorporated has a 12-month low of $12.02 and a 12-month high of $18.44. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 3.47 and a beta of 1.06.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the company posted $0.36 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HBAN shares. DA Davidson lifted their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Thursday, December 12th. Keefe, Bruyette & Woods increased their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group increased their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.41.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,699 shares of company stock valued at $757,356. 0.92% of the stock is currently owned by company insiders.

Huntington Bancshares 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.