Dimensional Fund Advisors LP Reduces Holdings in Huntington Bancshares Incorporated $HBAN

Dimensional Fund Advisors LP cut its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,685,312 shares of the bank's stock after selling 83,801 shares during the quarter. Dimensional Fund Advisors LP owned 1.07% of Huntington Bancshares worth $235,399,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Horizon Investments LLC boosted its stake in Huntington Bancshares by 4.3% during the first quarter. Horizon Investments LLC now owns 20,864 shares of the bank's stock worth $313,000 after acquiring an additional 859 shares in the last quarter. Fox Run Management L.L.C. increased its stake in Huntington Bancshares by 100.5% in the first quarter. Fox Run Management L.L.C. now owns 20,505 shares of the bank's stock valued at $308,000 after purchasing an additional 10,278 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Huntington Bancshares by 75.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 48,581 shares of the bank's stock valued at $729,000 after purchasing an additional 20,881 shares during the period. OneAscent Investment Solutions LLC bought a new position in shares of Huntington Bancshares during the 1st quarter worth about $470,000. Finally, National Pension Service grew its stake in shares of Huntington Bancshares by 7.5% in the 1st quarter. National Pension Service now owns 2,478,111 shares of the bank's stock valued at $37,196,000 after buying an additional 172,670 shares during the period. Institutional investors own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 13,700 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $15.79, for a total transaction of $216,323.00. Following the completion of the transaction, the executive vice president owned 337,879 shares in the company, valued at approximately $5,335,109.41. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.89% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson upped their price target on Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a research report on Sunday, July 13th. Argus set a $17.00 target price on Huntington Bancshares in a report on Friday, April 25th. TD Cowen started coverage on shares of Huntington Bancshares in a research report on Thursday, May 15th. They issued a "buy" rating and a $20.00 price target for the company. Finally, Raymond James Financial restated a "strong-buy" rating and set a $21.00 price target (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.68.

Huntington Bancshares Stock Up 1.1%

Shares of HBAN stock traded up $0.18 on Wednesday, hitting $16.80. The stock had a trading volume of 28,477,802 shares, compared to its average volume of 30,668,212. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The business has a 50 day moving average of $16.58 and a 200 day moving average of $15.68. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.7%. Huntington Bancshares's payout ratio is currently 45.93%.

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.