AE Wealth Management LLC Has $15.77 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

AE Wealth Management LLC lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,196,522 shares of the bank’s stock after selling 297,152 shares during the period. AE Wealth Management LLC’s holdings in Huntington Bancshares were worth $15,770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthShield Partners LLC lifted its position in Huntington Bancshares by 5.9% during the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank’s stock worth $163,000 after acquiring an additional 683 shares during the last quarter. Foundations Investment Advisors LLC lifted its position in Huntington Bancshares by 3.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank’s stock worth $312,000 after acquiring an additional 744 shares during the last quarter. Summit Financial Strategies Inc. lifted its position in Huntington Bancshares by 2.5% during the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank’s stock worth $408,000 after acquiring an additional 762 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Huntington Bancshares by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 157,152 shares of the bank’s stock worth $2,192,000 after acquiring an additional 780 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in Huntington Bancshares by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock worth $880,000 after acquiring an additional 794 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $14.86 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The stock has a market cap of $21.54 billion, a P/E ratio of 13.39, a PEG ratio of 2.90 and a beta of 1.05. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24. The company’s 50-day simple moving average is $14.36 and its 200 day simple moving average is $13.74.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter last year, the business posted $0.35 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HBAN shares. Bank of America boosted their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Piper Sandler boosted their price objective on shares of Huntington Bancshares from $11.50 to $13.50 and gave the stock an “underweight” rating in a report on Monday, July 22nd. UBS Group dropped their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Citigroup boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $15.59.

Insider Transactions at Huntington Bancshares

In other news, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Nancy E. Maloney sold 57,537 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the completion of the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the sale, the insider now directly owns 65,899 shares of the company’s stock, valued at approximately $987,167.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,622 shares of company stock valued at $1,762,904. Corporate insiders own 0.89% of the company’s stock.

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.