State Street Corp Sells 1,354,203 Shares of Huntington Bancshares Incorporated (HBAN)

State Street Corp decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,137,649 shares of the bank’s stock after selling 1,354,203 shares during the period. State Street Corp owned about 5.33% of Huntington Bancshares worth $786,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HBAN. UBS Asset Management Americas Inc. grew its position in shares of Huntington Bancshares by 12.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,752,379 shares of the bank’s stock valued at $36,854,000 after acquiring an additional 303,683 shares during the period. AXA grew its position in shares of Huntington Bancshares by 34.5% during the 1st quarter. AXA now owns 167,300 shares of the bank’s stock valued at $2,240,000 after acquiring an additional 42,900 shares during the period. Teachers Advisors LLC grew its position in shares of Huntington Bancshares by 37.1% during the 1st quarter. Teachers Advisors LLC now owns 5,580,551 shares of the bank’s stock valued at $74,724,000 after acquiring an additional 1,511,023 shares during the period. Bridgewater Associates LP grew its position in shares of Huntington Bancshares by 345.1% during the 1st quarter. Bridgewater Associates LP now owns 132,196 shares of the bank’s stock valued at $1,770,000 after acquiring an additional 102,496 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Huntington Bancshares by 2.2% during the 1st quarter. California Public Employees Retirement System now owns 3,113,298 shares of the bank’s stock valued at $41,687,000 after acquiring an additional 65,700 shares during the period. 74.17% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “State Street Corp Sells 1,354,203 Shares of Huntington Bancshares Incorporated (HBAN)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/state-street-corp-sells-1354203-shares-of-huntington-bancshares-incorporated-hban.html.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Instinet reaffirmed a “buy” rating and issued a $16.00 target price (up previously from $15.00) on shares of Huntington Bancshares in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.25 target price (up previously from $13.75) on shares of Huntington Bancshares in a report on Friday, July 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of Huntington Bancshares in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.01.

Huntington Bancshares Incorporated (NASDAQ HBAN) opened at 13.89 on Tuesday. The firm’s 50 day moving average is $13.09 and its 200 day moving average is $13.09. Huntington Bancshares Incorporated has a 12-month low of $9.57 and a 12-month high of $14.74. The company has a market cap of $15.14 billion, a P/E ratio of 19.24 and a beta of 1.38.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.19 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post $0.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.31%. Huntington Bancshares’s payout ratio is presently 46.38%.

Huntington Bancshares declared that its board has authorized a share repurchase program on Wednesday, June 28th that allows the company to buyback $308.00 million in outstanding shares. This buyback authorization allows the bank to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total transaction of $203,360.00. Following the transaction, the executive vice president now directly owns 447,722 shares in the company, valued at $5,690,546.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard W. Neu purchased 2,450 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the completion of the transaction, the director now directly owns 184,596 shares of the company’s stock, valued at approximately $2,418,207.60. The disclosure for this purchase can be foun

Several other hedge funds have also modified their holdings of HBAN. UBS Asset Management Americas Inc. grew its position in shares of Huntington Bancshares by 12.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,752,379 shares of the bank’s stock valued at $36,854,000 after acquiring an additional 303,683 shares during the period. AXA grew its position in shares of Huntington Bancshares by 34.5% during the 1st quarter. AXA now owns 167,300 shares of the bank’s stock valued at $2,240,000 after acquiring an additional 42,900 shares during the period. Teachers Advisors LLC grew its position in shares of Huntington Bancshares by 37.1% during the 1st quarter. Teachers Advisors LLC now owns 5,580,551 shares of the bank’s stock valued at $74,724,000 after acquiring an additional 1,511,023 shares during the period. Bridgewater Associates LP grew its position in shares of Huntington Bancshares by 345.1% during the 1st quarter. Bridgewater Associates LP now owns 132,196 shares of the bank’s stock valued at $1,770,000 after acquiring an additional 102,496 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Huntington Bancshares by 2.2% during the 1st quarter. California Public Employees Retirement System now owns 3,113,298 shares of the bank’s stock valued at $41,687,000 after acquiring an additional 65,700 shares during the period. 74.17% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “State Street Corp Sells 1,354,203 Shares of Huntington Bancshares Incorporated (HBAN)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/state-street-corp-sells-1354203-shares-of-huntington-bancshares-incorporated-hban.html.

A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Monday, July 3rd. Instinet reaffirmed a “buy” rating and issued a $16.00 target price (up previously from $15.00) on shares of Huntington Bancshares in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.25 target price (up previously from $13.75) on shares of Huntington Bancshares in a report on Friday, July 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $16.00 target price on shares of Huntington Bancshares in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.01.

Huntington Bancshares Incorporated (NASDAQ HBAN) opened at 13.89 on Tuesday. The firm’s 50 day moving average is $13.09 and its 200 day moving average is $13.09. Huntington Bancshares Incorporated has a 12-month low of $9.57 and a 12-month high of $14.74. The company has a market cap of $15.14 billion, a P/E ratio of 19.24 and a beta of 1.38.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.19 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post $0.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 18th were given a dividend of $0.08 per share. The ex-dividend date was Friday, September 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.31%. Huntington Bancshares’s payout ratio is presently 46.38%.

Huntington Bancshares declared that its board has authorized a share repurchase program on Wednesday, June 28th that allows the company to buyback $308.00 million in outstanding shares. This buyback authorization allows the bank to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.71, for a total transaction of $203,360.00. Following the transaction, the executive vice president now directly owns 447,722 shares in the company, valued at $5,690,546.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard W. Neu purchased 2,450 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the completion of the transaction, the director now directly owns 184,596 shares of the company’s stock, valued at approximately $2,418,207.60. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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