Van Hulzen Asset Management LLC Has $341,000 Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Van Hulzen Asset Management LLC lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,873 shares of the bank’s stock after selling 993 shares during the period. Van Hulzen Asset Management LLC’s holdings in Huntington Bancshares were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Huntington Bancshares during the fourth quarter valued at approximately $206,703,000. Boston Partners lifted its stake in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after acquiring an additional 9,533,511 shares in the last quarter. KBC Group NV boosted its holdings in Huntington Bancshares by 715.0% during the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after acquiring an additional 3,729,974 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Huntington Bancshares by 832.7% in the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock worth $46,927,000 after acquiring an additional 2,979,768 shares in the last quarter. Finally, Scout Investments Inc. purchased a new stake in shares of Huntington Bancshares in the first quarter valued at about $35,428,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the sale, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the transaction, the chief financial officer now owns 265,809 shares of the company’s stock, valued at $4,021,690.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their target price on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. UBS Group reduced their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Finally, Robert W. Baird lowered Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.59.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $14.29 on Wednesday. The firm’s 50 day moving average is $14.13 and its 200 day moving average is $13.66. The stock has a market capitalization of $20.71 billion, a P/E ratio of 12.87, a PEG ratio of 2.91 and a beta of 1.05. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

About Huntington Bancshares

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.