95,586 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Bought by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 95,586 shares of the bank's stock, valued at approximately $1,435,000.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $302,826,000. Raymond James Financial Inc. purchased a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $150,444,000. FMR LLC lifted its holdings in shares of Huntington Bancshares by 36.9% in the 4th quarter. FMR LLC now owns 32,479,039 shares of the bank's stock valued at $528,434,000 after acquiring an additional 8,759,871 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position 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 worth $114,684,000 after acquiring an additional 3,938,769 shares in the last quarter. Finally, Amundi increased its stake in Huntington Bancshares by 26.7% during the fourth quarter. Amundi now owns 17,435,207 shares of the bank's stock worth $286,460,000 after acquiring an additional 3,671,235 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Down 0.8%

NASDAQ:HBAN traded down $0.13 during trading hours on Thursday, reaching $15.96. The company's stock had a trading volume of 31,620,762 shares, compared to its average volume of 18,572,833. The stock has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $15.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $23.31 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. Huntington Bancshares Incorporated has a 12 month low of $11.92 and a 12 month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.23% and a net margin of 16.23%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same period in the prior year, the business posted $0.27 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 17th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the bank to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares's payout ratio is presently 47.33%.

Insider Activity

In related news, VP Brendan A. Lawlor sold 3,521 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the transaction, the vice president now directly owns 47,950 shares of the company's stock, valued at $731,237.50. This represents a 6.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the insider now owns 66,847 shares of the company's stock, valued at $969,281.50. This trade represents a 4.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,917 shares of company stock worth $2,897,659. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Raymond James reiterated a "strong-buy" rating and issued a $18.00 target price (down previously from $20.00) on shares of Huntington Bancshares in a report on Monday, April 21st. Citigroup lowered their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, March 24th. Morgan Stanley dropped their price target on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. reduced their price objective on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Huntington Bancshares from a "hold" rating to a "buy" rating and set a $17.50 target price for the company in a research report on Thursday, April 24th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.83.

About Huntington Bancshares

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.