Kintegral Advisory LLC Sells 50,466 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Kintegral Advisory LLC cut its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 32.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,901 shares of the bank's stock after selling 50,466 shares during the quarter. Kintegral Advisory LLC's holdings in Huntington Bancshares were worth $1,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HBAN. IFP Advisors Inc boosted its holdings in Huntington Bancshares by 120.6% in the fourth quarter. IFP Advisors Inc now owns 4,503 shares of the bank's stock worth $73,000 after purchasing an additional 2,462 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Huntington Bancshares by 13.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 16,860 shares of the bank's stock valued at $274,000 after purchasing an additional 1,977 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $2,358,000. QRG Capital Management Inc. raised its position in shares of Huntington Bancshares by 23.5% in the fourth quarter. QRG Capital Management Inc. now owns 23,076 shares of the bank's stock valued at $375,000 after purchasing an additional 4,395 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of Huntington Bancshares in the fourth quarter worth $249,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Citigroup increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday. Cowen began coverage on Huntington Bancshares in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Argus set a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, April 25th. Finally, Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.33.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 42,345 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $14.72, for a total transaction of $623,318.40. Following the completion of the transaction, the insider directly owned 592,119 shares in the company, valued at approximately $8,715,991.68. The trade was a 6.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kendall A. Kowalski sold 3,434 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $14.50, for a total value of $49,793.00. Following the sale, the insider directly owned 66,847 shares in the company, valued at $969,281.50. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,375 shares of company stock valued at $3,049,277 over the last quarter. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Trading Up 0.6%

Huntington Bancshares stock traded up $0.11 during mid-day trading on Friday, hitting $17.51. The stock had a trading volume of 21,797,655 shares, compared to its average volume of 19,021,731. The stock has a market capitalization of $25.58 billion, a PE ratio of 13.37, a P/E/G ratio of 1.34 and a beta of 0.93. Huntington Bancshares Incorporated has a 12 month low of $11.92 and a 12 month high of $18.45. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.98. The stock has a 50-day simple moving average of $15.76 and a two-hundred day simple moving average of $15.66.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.94% and a return on equity of 11.44%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were given a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.54%. Huntington Bancshares's dividend payout ratio is currently 47.33%.

Huntington Bancshares declared that its board has authorized a stock buyback plan on Thursday, April 17th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the bank to buy up to 5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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.