Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Decreased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 88.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,600 shares of the bank's stock after selling 885,714 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Huntington Bancshares were worth $1,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in shares of Huntington Bancshares by 24.2% in the fourth quarter. Deutsche Bank AG now owns 6,004,666 shares of the bank's stock worth $97,696,000 after acquiring an additional 1,170,081 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Huntington Bancshares in the fourth quarter valued at $428,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Huntington Bancshares by 126.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank's stock valued at $114,684,000 after buying an additional 3,938,769 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Huntington Bancshares in the fourth quarter valued at $203,000. Finally, CoreCap Advisors LLC boosted its stake in shares of Huntington Bancshares by 18.0% during the fourth quarter. CoreCap Advisors LLC now owns 6,608 shares of the bank's stock worth $108,000 after buying an additional 1,007 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several analyst reports. Cowen assumed coverage on shares of Huntington Bancshares in a report on Wednesday, May 14th. They set a "buy" rating for the company. Raymond James reissued a "strong-buy" rating and set a $18.00 price objective (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, April 21st. Robert W. Baird raised shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a research note on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised shares of Huntington Bancshares from a "hold" rating to a "buy" rating and set a $17.50 price objective for the company in a research note on Thursday, April 24th. Finally, Argus set a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and an average price target of $17.83.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now owns 453,129 shares of the company's stock, valued at $6,647,402.43. The trade was a 13.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 312,456 shares of company stock valued at $4,464,105 in the last quarter. Company insiders own 0.89% of the company's stock.

Huntington Bancshares Trading Up 1.5%

Shares of HBAN stock traded up $0.22 during mid-day trading on Tuesday, reaching $15.54. The company's stock had a trading volume of 1,437,569 shares, compared to its average volume of 21,832,365. The company's 50 day simple moving average is $14.56 and its 200-day simple moving average is $15.94. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $22.71 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $0.27 EPS. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, June 17th. Huntington Bancshares's dividend payout ratio (DPR) is 47.33%.

Huntington Bancshares announced that its board has authorized a stock buyback program on Thursday, April 17th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the bank to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.