California Public Employees Retirement System Sells 72,083 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

California Public Employees Retirement System lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,722,727 shares of the bank's stock after selling 72,083 shares during the period. California Public Employees Retirement System owned 0.19% of Huntington Bancshares worth $34,633,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HBAN. Wetzel Investment Advisors Inc. bought a new stake in Huntington Bancshares during the fourth quarter valued at approximately $29,000. Planned Solutions Inc. bought a new stake in Huntington Bancshares during the fourth quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC bought a new stake in Huntington Bancshares during the third quarter valued at approximately $35,000. Baker Avenue Asset Management LP lifted its position in Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank's stock valued at $42,000 after purchasing an additional 963 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Huntington Bancshares during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays upgraded shares of Huntington Bancshares from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $12.00 to $15.00 in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. StockNews.com lowered shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Friday, December 29th. Royal Bank of Canada boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, April 9th. Finally, Stephens restated an "equal weight" rating and issued a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.17.

Insider Buying and Selling at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares of the company's stock, valued at approximately $4,178,375.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kendall A. Kowalski sold 15,948 shares of the company's stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the sale, the insider now directly owns 21,102 shares of the company's stock, valued at approximately $284,243.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the sale, the chief financial officer now directly owns 305,884 shares in the company, valued at $4,178,375.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,189 shares of company stock valued at $2,664,978. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Trading Down 0.2 %

Huntington Bancshares stock traded down $0.03 during mid-day trading on Friday, reaching $13.55. 12,209,161 shares of the company traded hands, compared to its average volume of 16,849,608. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The firm's 50 day moving average price is $13.36 and its 200 day moving average price is $12.27. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.50 and a beta of 1.11. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the previous year, the firm earned $0.38 EPS. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares's payout ratio is currently 55.86%.

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.