Pacer Advisors Inc. Has $2.72 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Pacer Advisors Inc. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,941 shares of the bank’s stock after selling 47,466 shares during the quarter. Pacer Advisors Inc.’s holdings in Huntington Bancshares were worth $2,723,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empowered Funds LLC lifted its position in Huntington Bancshares by 5.0% during the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after acquiring an additional 1,366 shares during the last quarter. Woodline Partners LP grew its position in shares of Huntington Bancshares by 40.8% in the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock valued at $1,844,000 after purchasing an additional 35,574 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Huntington Bancshares by 8.3% in the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock valued at $662,000 after purchasing an additional 3,023 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Huntington Bancshares by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock worth $3,674,000 after purchasing an additional 12,865 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Huntington Bancshares by 6.2% during the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock worth $11,859,000 after purchasing an additional 41,156 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 33,500 shares of company stock valued at $617,542. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Trading Up 2.3%

Shares of HBAN opened at $17.44 on Wednesday. The stock’s 50-day moving average price is $16.43 and its 200 day moving average price is $16.87. 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 firm has a market capitalization of $35.35 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.77 and a beta of 0.94. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company earned $0.34 EPS. As a group, research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 47.69%.

Analysts Set New Price Targets

A number of analysts have issued reports on HBAN shares. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Morgan Stanley reduced their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Stephens started coverage on shares of Huntington Bancshares in a research note on Monday, June 15th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Finally, Evercore reiterated an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.

About Huntington Bancshares

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.