Allegheny Financial Group LTD Sells 1,093 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Allegheny Financial Group LTD trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,354 shares of the bank’s stock after selling 1,093 shares during the quarter. Allegheny Financial Group LTD’s holdings in Huntington Bancshares were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Huntington Bancshares by 0.7% in the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock worth $1,789,520,000 after purchasing an additional 1,209,264 shares during the period. Boston Partners increased its position in Huntington Bancshares by 59.3% in the fourth quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock worth $593,408,000 after purchasing an additional 17,365,446 shares during the period. Norges Bank acquired a new stake in Huntington Bancshares in the fourth quarter worth about $206,703,000. Dimensional Fund Advisors LP increased its position in Huntington Bancshares by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 15,130,774 shares of the bank’s stock worth $192,473,000 after purchasing an additional 765,070 shares during the period. Finally, Raymond James & Associates increased its position in Huntington Bancshares by 3.1% in the first quarter. Raymond James & Associates now owns 7,403,303 shares of the bank’s stock worth $103,276,000 after purchasing an additional 225,911 shares during the period. 80.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group lowered their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods decreased their target price on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Stephens restated an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research report on Monday, April 22nd. Finally, Piper Sandler lowered Huntington Bancshares from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $13.50 to $11.50 in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $14.93.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Kendall A. Kowalski sold 15,711 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $13.84, for a total transaction of $217,440.24. Following the sale, the insider now directly owns 65,195 shares of the company’s stock, valued at approximately $902,298.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was 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 in the company, valued at $4,178,375.44. The disclosure for this sale can be found here. Insiders have sold a total of 157,829 shares of company stock valued at $2,148,623 in the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Up 1.6 %

NASDAQ HBAN traded up $0.22 during trading on Monday, hitting $13.76. The stock had a trading volume of 7,129,219 shares, compared to its average volume of 17,241,635. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $14.30. The company has a market capitalization of $19.94 billion, a PE ratio of 12.35, a P/E/G ratio of 5.37 and a beta of 1.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The company’s 50-day moving average price is $13.32 and its two-hundred day moving average price is $13.18.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the previous year, the firm earned $0.38 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.17 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Monday, June 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

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.