AEGON ASSET MANAGEMENT UK Plc Lowers Holdings in Huntington Bancshares Incorporated $HBAN

AEGON ASSET MANAGEMENT UK Plc reduced its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 46.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,495 shares of the bank’s stock after selling 230,478 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Huntington Bancshares were worth $4,152,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Park National Corp OH raised its position in shares of Huntington Bancshares by 1.5% in the first quarter. Park National Corp OH now owns 235,921 shares of the bank’s stock worth $3,692,000 after buying an additional 3,599 shares in the last quarter. Diversified Trust Co bought a new stake in Huntington Bancshares during the first quarter valued at $1,638,000. KRS Capital Management LLC grew its position in Huntington Bancshares by 8.9% during the first quarter. KRS Capital Management LLC now owns 25,559 shares of the bank’s stock worth $400,000 after buying an additional 2,098 shares in the last quarter. Hsbc Holdings PLC grew its position in Huntington Bancshares by 25.4% during the fourth quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock worth $141,625,000 after buying an additional 1,652,464 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Huntington Bancshares by 7.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 157,998 shares of the bank’s stock worth $2,741,000 after acquiring an additional 11,363 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 33,500 shares of company stock valued at $617,542 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several recent analyst reports. Wolfe Research lowered their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings lowered Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Evercore restated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research report on Friday, June 12th. Jefferies Financial Group raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, DA Davidson dropped their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 16th. One investment 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 MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $16.86 on Friday. The stock’s 50-day simple moving average is $16.40 and its two-hundred day simple moving average is $16.86. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $34.18 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.77 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same period in the prior year, the business earned $0.34 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be given a $0.155 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. Huntington Bancshares’s payout ratio is presently 47.69%.

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.