The Sheaff Brock Investment Advisors LLC Sold shares of Huntington Bancshares Inc. (HBAN) – BangaloreWeekly


Sheaff Brock Investment Advisors LLC decreased its stake in Huntington Bancshares Inc. (NASDAQ:HBAN) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 51,704 shares of the company’s stock after selling 3,193 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Huntington Bancshares were worth $462,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Huntington Bancshares by 3,035.4% in the first quarter. Renaissance Technologies LLC now owns 3,658,085 shares of the company’s stock valued at $34,898,000 after buying an additional 3,541,414 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Huntington Bancshares by 1,688.7% in the first quarter. Nuveen Asset Management LLC now owns 1,819,386 shares of the company’s stock valued at $17,357,000 after buying an additional 1,717,669 shares during the last quarter. Anchor Capital Advisors LLC boosted its position in shares of Huntington Bancshares by 52.6% in the second quarter. Anchor Capital Advisors LLC now owns 4,747,492 shares of the company’s stock valued at $42,443,000 after buying an additional 1,636,075 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Huntington Bancshares during the second quarter valued at approximately $8,868,000. Finally, Bank of Montreal Can bought a new position in shares of Huntington Bancshares during the second quarter valued at approximately $8,277,000. 75.73% of the stock is currently owned by institutional investors and hedge funds.

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

Huntington Bancshares Inc. (NASDAQ:HBAN) traded down 1.70% during trading on Wednesday, reaching $10.38. 7,676,316 shares of the company were exchanged. Huntington Bancshares Inc. has a 52-week low of $7.83 and a 52-week high of $11.87. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 14.66 and a beta of 1.16. The firm has a 50-day moving average of $10.00 and a 200-day moving average of $9.76.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, October 26th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Huntington Bancshares had a net margin of 18.87% and a return on equity of 10.97%. During the same period last year, the firm earned $0.18 EPS. On average, equities analysts forecast that Huntington Bancshares Inc. will post $0.77 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Tuesday, December 20th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, December 16th. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 3.03%. Huntington Bancshares’s payout ratio is 39.44%.

Several equities analysts have recently commented on HBAN shares. FBR & Co raised shares of Huntington Bancshares from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research report on Monday, July 11th. Zacks Investment Research cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. BMO Capital Markets reiterated a “market perform” rating and set a $11.00 price objective on shares of Huntington Bancshares in a research note on Wednesday, July 6th. Deutsche Bank AG upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.50 to $11.50 in a research note on Wednesday, September 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Huntington Bancshares from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus target price of $11.15.

In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 35,350 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $9.64, for a total value of $340,774.00. Following the completion of the transaction, the executive vice president now directly owns 434,650 shares of the company’s stock, valued at $4,190,026. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David S. Anderson sold 9,006 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $9.82, for a total transaction of $88,438.92. Following the completion of the transaction, the executive vice president now directly owns 110,233 shares of the company’s stock, valued at $1,082,488.06. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.

5 Day Chart for NASDAQ:HBAN

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