Huntington Bancshares Incorporated (HBAN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,652,707 shares of the bank’s stock after selling 87,945 shares during the period. Principal Financial Group Inc. owned about 0.16% of Huntington Bancshares worth $19,701,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HBAN. Cambridge Investment Research Advisors Inc. boosted its position in Huntington Bancshares by 0.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 246,456 shares of the bank’s stock valued at $2,938,000 after buying an additional 871 shares during the period. Valeo Financial Advisors LLC raised its holdings in Huntington Bancshares by 1.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 57,891 shares of the bank’s stock worth $690,000 after purchasing an additional 885 shares in the last quarter. Wright Investors Service Inc. raised its holdings in Huntington Bancshares by 2.0% in the 4th quarter. Wright Investors Service Inc. now owns 45,723 shares of the bank’s stock worth $545,000 after purchasing an additional 894 shares in the last quarter. Fishman Jay A Ltd. MI raised its holdings in Huntington Bancshares by 8.3% in the 4th quarter. Fishman Jay A Ltd. MI now owns 13,000 shares of the bank’s stock worth $155,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Huntington Bancshares by 43.8% in the 4th quarter. Moody National Bank Trust Division now owns 4,191 shares of the bank’s stock worth $50,000 after purchasing an additional 1,276 shares in the last quarter. 79.02% of the stock is currently owned by hedge funds and other institutional investors.

In other Huntington Bancshares news, EVP Mark E. Thompson sold 18,510 shares of Huntington Bancshares stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $13.49, for a total transaction of $249,699.90. Following the transaction, the executive vice president now owns 667,175 shares of the company’s stock, valued at $9,000,190.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen H. Ransier sold 3,067 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total transaction of $43,858.10. The disclosure for this sale can be found here. Insiders have sold 81,577 shares of company stock worth $1,116,158 in the last ninety days. Insiders own 1.22% of the company’s stock.

Several research analysts have commented on the stock. BidaskClub lowered shares of Huntington Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Jefferies Financial Group lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research note on Monday, January 28th. Vining Sparks reiterated a “buy” rating and issued a $18.00 price target on shares of Huntington Bancshares in a research note on Thursday, January 24th. Finally, Zacks Investment Research lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Huntington Bancshares currently has a consensus rating of “Hold” and an average target price of $16.18.

Shares of NASDAQ HBAN traded down $0.22 during trading on Friday, reaching $13.61. 13,804,819 shares of the company traded hands, compared to its average volume of 13,620,702. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.30 billion, a PE ratio of 11.34, a PEG ratio of 1.13 and a beta of 1.35. Huntington Bancshares Incorporated has a 52-week low of $11.12 and a 52-week high of $16.52.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. During the same period in the previous year, the business earned $0.26 EPS. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.33 EPS for the current fiscal year.

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About Huntington Bancshares

Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).

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

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