Metis Global Partners LLC Cuts Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Metis Global Partners LLC trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,810 shares of the bank’s stock after selling 4,617 shares during the period. Metis Global Partners LLC’s holdings in Huntington Bancshares were worth $1,217,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HBAN. Farther Finance Advisors LLC boosted its position in Huntington Bancshares by 19.3% during the third quarter. Farther Finance Advisors LLC now owns 11,618 shares of the bank’s stock valued at $171,000 after buying an additional 1,883 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $180,000. Confluence Wealth Services Inc. boosted its holdings in shares of Huntington Bancshares by 14.7% during the third quarter. Confluence Wealth Services Inc. now owns 31,048 shares of the bank’s stock worth $456,000 after purchasing an additional 3,988 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Huntington Bancshares by 40.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock worth $2,837,000 after purchasing an additional 55,865 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares during the third quarter worth about $77,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Keefe, Bruyette & Woods increased their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Citigroup raised their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Huntington Bancshares in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $16.19 on Tuesday. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company has a 50 day simple moving average of $16.65 and a two-hundred day simple moving average of $16.09. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Huntington Bancshares Company 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.