Farr Miller & Washington LLC DC lowered its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,164 shares of the company’s stock after selling 115 shares during the period. Farr Miller & Washington LLC DC’s holdings in Huntington Bancshares were worth $240,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Huntington Bancshares by 7.8% in the fourth quarter. State Street Corp now owns 63,926,011 shares of the company’s stock valued at $845,097,000 after buying an additional 4,598,441 shares in the last quarter. Turner Investments LLC acquired a new position in shares of Huntington Bancshares during the fourth quarter valued at about $2,025,000. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Huntington Bancshares by 35.3% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,030 shares of the company’s stock valued at $185,000 after buying an additional 3,660 shares in the last quarter. Formidable Asset Management LLC increased its position in shares of Huntington Bancshares by 44.7% in the fourth quarter. Formidable Asset Management LLC now owns 16,420 shares of the company’s stock valued at $217,000 after buying an additional 5,070 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Huntington Bancshares by 2.7% in the fourth quarter. Wetherby Asset Management Inc. now owns 18,469 shares of the company’s stock valued at $244,000 after buying an additional 479 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.
Huntington Bancshares Incorporated (NASDAQ:HBAN) traded up 0.52% during trading on Friday, hitting $13.62. 6,862,635 shares of the stock were exchanged. The stock has a 50 day moving average price of $13.40 and a 200-day moving average price of $11.33. The firm has a market capitalization of $14.79 billion, a PE ratio of 20.33 and a beta of 1.24. Huntington Bancshares Incorporated has a 12-month low of $8.05 and a 12-month high of $14.17.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Huntington Bancshares had a net margin of 18.11% and a return on equity of 11.09%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post $0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 20th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.32 dividend on an annualized basis and a yield of 2.35%. Huntington Bancshares’s payout ratio is presently 47.06%.
COPYRIGHT VIOLATION NOTICE: “Farr Miller & Washington LLC DC Has $240,000 Stake in Huntington Bancshares Incorporated (HBAN)” was first reported by sleekmoney and is owned by of sleekmoney. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this news story can be accessed at http://sleekmoney.com/farr-miller-washington-llc-dc-has-240000-stake-in-huntington-bancshares-incorporated-hban/1656863.html.
Several brokerages have recently issued reports on HBAN. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday. Hilliard Lyons downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating in a research report on Thursday, January 26th. Sanford C. Bernstein upped their target price on Huntington Bancshares from $14.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, January 26th. FBR & Co upped their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 25th. Finally, Barclays PLC upped their target price on Huntington Bancshares from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 3rd. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.12.
In other Huntington Bancshares news, insider Helga Houston sold 8,378 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $12.33, for a total value of $103,300.74. Following the transaction, the insider now directly owns 311,219 shares of the company’s stock, valued at $3,837,330.27. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.
Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/farr-miller-washington-llc-dc-has-240000-stake-in-huntington-bancshares-incorporated-hban/1656863.html
Receive News & Ratings for Huntington Bancshares Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.