Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Moore Capital Management LP

Moore Capital Management LP reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 847,212 shares of the bank's stock after selling 121,031 shares during the quarter. Moore Capital Management LP owned about 0.06% of Huntington Bancshares worth $13,784,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HBAN. Principal Financial Group Inc. lifted its holdings in shares of Huntington Bancshares by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 1,743,357 shares of the bank's stock valued at $25,627,000 after purchasing an additional 112,146 shares in the last quarter. Nordea Investment Management AB lifted its stake in Huntington Bancshares by 9.0% in the 4th quarter. Nordea Investment Management AB now owns 129,989 shares of the bank's stock valued at $2,127,000 after acquiring an additional 10,775 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Huntington Bancshares in the 4th quarter valued at approximately $168,000. Wealth Enhancement Advisory Services LLC lifted its stake in Huntington Bancshares by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 202,309 shares of the bank's stock valued at $3,292,000 after acquiring an additional 2,932 shares in the last quarter. Finally, Czech National Bank lifted its stake in Huntington Bancshares by 6.5% in the 4th quarter. Czech National Bank now owns 314,999 shares of the bank's stock valued at $5,125,000 after acquiring an additional 19,123 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on HBAN. Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Friday, March 7th. Argus set a $17.00 price objective on Huntington Bancshares in a research note on Friday, April 25th. Stephens reiterated an "equal weight" rating and set a $16.50 price objective on shares of Huntington Bancshares in a research note on Monday, April 21st. Citigroup dropped their price objective on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on Huntington Bancshares from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.58.

Insider Activity

In other news, insider Kendall A. Kowalski sold 3,434 shares of the company's stock in a transaction dated 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 now owns 66,847 shares in the company, valued at $969,281.50. This represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brendan A. Lawlor sold 3,521 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the sale, the vice president now directly owns 47,950 shares in the company, valued at approximately $731,237.50. This trade represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,456 shares of company stock valued at $4,464,105. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Stock Up 0.5%

Shares of Huntington Bancshares stock traded up $0.08 on Friday, reaching $16.18. The company's stock had a trading volume of 15,202,319 shares, compared to its average volume of 17,741,948. The company has a market capitalization of $23.63 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 1.33 and a beta of 0.89. The firm's fifty day simple moving average is $14.46 and its two-hundred day simple moving average is $15.97. Huntington Bancshares Incorporated has a 52 week low of $11.92 and a 52 week high of $18.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares's payout ratio is 47.33%.

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