USA Financial Formulas Sells 2,091 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

USA Financial Formulas reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,353 shares of the bank’s stock after selling 2,091 shares during the period. USA Financial Formulas’ holdings in Huntington Bancshares were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Acadian Asset Management LLC grew its stake in shares of Huntington Bancshares by 19.4% in the 2nd quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock worth $426,000 after buying an additional 5,262 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Huntington Bancshares by 15.9% in the 2nd quarter. American Century Companies Inc. now owns 1,508,509 shares of the bank’s stock worth $19,882,000 after buying an additional 207,328 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Huntington Bancshares by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock worth $208,346,000 after buying an additional 561,565 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Huntington Bancshares by 28.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 135,125 shares of the bank’s stock worth $1,781,000 after buying an additional 30,225 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Huntington Bancshares by 10.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 111,025 shares of the bank’s stock worth $1,449,000 after buying an additional 10,283 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HBAN shares. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Citigroup lifted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, The Goldman Sachs Group lifted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.76.

Insider Activity

In other news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,699 shares of company stock worth $757,356. 0.92% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Down 1.2 %

Shares of HBAN opened at $16.84 on Friday. Huntington Bancshares Incorporated has a 1-year low of $12.02 and a 1-year high of $18.44. The company has a 50-day moving average of $17.08 and a 200 day moving average of $15.42. The firm has a market capitalization of $24.47 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business posted $0.36 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

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.