Macnealy Hoover Investment Management Inc. trimmed its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,724 shares of the bank’s stock after selling 10,296 shares during the quarter. Huntington Bancshares accounts for about 1.9% of Macnealy Hoover Investment Management Inc.’s holdings, making the stock its 15th largest position. Macnealy Hoover Investment Management Inc.’s holdings in Huntington Bancshares were worth $2,690,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of HBAN. Sun Life Financial INC grew its holdings in Huntington Bancshares by 99,812.5% during the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after purchasing an additional 7,985 shares during the period. Verition Fund Management LLC bought a new position in Huntington Bancshares during the second quarter valued at $139,000. Alpha Cubed Investments LLC bought a new position in Huntington Bancshares during the third quarter valued at $151,000. ClariVest Asset Management LLC grew its holdings in Huntington Bancshares by 53.4% during the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after purchasing an additional 3,900 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Huntington Bancshares by 171.7% during the second quarter. D.A. Davidson & CO. now owns 13,800 shares of the bank’s stock valued at $186,000 after purchasing an additional 8,720 shares during the period. 73.70% of the stock is owned by institutional investors.
Huntington Bancshares Incorporated (NASDAQ:HBAN) traded up $0.30 during trading on Friday, hitting $15.81. The stock had a trading volume of 9,001,578 shares, compared to its average volume of 10,401,700. Huntington Bancshares Incorporated has a 52-week low of $12.14 and a 52-week high of $16.00. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $17,090.00, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.23 and a beta of 1.33.
In related news, insider Helga Houston sold 14,513 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the sale, the insider now owns 499,824 shares in the company, valued at $6,882,576.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Several equities analysts have weighed in on the company. BidaskClub lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets lowered Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a report on Thursday, October 26th. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a report on Tuesday, January 9th. Barclays increased their price objective on Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.25 price objective on shares of Huntington Bancshares in a report on Friday, December 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.31.
Huntington Bancshares Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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