E. Ohman J or Asset Management AB Cuts Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

E. Ohman J or Asset Management AB lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,900 shares of the bank’s stock after selling 8,000 shares during the period. E. Ohman J or Asset Management AB’s holdings in Huntington Bancshares were worth $807,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HBAN. Mount Yale Investment Advisors LLC increased its stake in Huntington Bancshares by 4.7% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 49,479 shares of the bank’s stock valued at $727,000 after buying an additional 2,239 shares during the last quarter. Dakota Wealth Management increased its position in shares of Huntington Bancshares by 7.4% during the third quarter. Dakota Wealth Management now owns 15,225 shares of the bank’s stock valued at $224,000 after acquiring an additional 1,045 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Huntington Bancshares by 1,277.0% during the third quarter. Assenagon Asset Management S.A. now owns 747,545 shares of the bank’s stock worth $10,989,000 after acquiring an additional 693,258 shares during the period. IFM Investors Pty Ltd boosted its position in Huntington Bancshares by 5.1% in the third quarter. IFM Investors Pty Ltd now owns 305,394 shares of the bank’s stock worth $4,489,000 after purchasing an additional 14,928 shares during the last quarter. Finally, Commonwealth Financial Services LLC bought a new position in Huntington Bancshares in the 3rd quarter valued at $154,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Down 1.2 %

Shares of Huntington Bancshares stock opened at $15.38 on Friday. The company’s 50-day moving average price is $14.75 and its 200-day moving average price is $13.99. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 12-month low of $9.35 and a 12-month high of $16.03. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 3.17 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results 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. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the company posted $0.36 EPS. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.03%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is 59.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HBAN. Citigroup lifted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Evercore ISI dropped their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Piper Sandler raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods dropped their price objective on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Finally, Bank of America raised their target price on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $16.03.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares in the company, valued at approximately $167,331.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,793 shares of company stock worth $405,439 over the last ninety days. 0.89% of the stock is owned by corporate 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.