Bluestein R H & Co. Raises Position in Huntington Bancshares Incorporated (HBAN)
Bluestein R H & Co. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 89.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,700 shares of the bank’s stock after buying an additional 15,000 shares during the period. Bluestein R H & Co.’s holdings in Huntington Bancshares were worth $462,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HBAN. Capital International Investors raised its holdings in Huntington Bancshares by 13.2% in the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after buying an additional 5,800,000 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new position in Huntington Bancshares in the 3rd quarter valued at approximately $23,872,000. Mackenzie Financial Corp bought a new position in Huntington Bancshares in the 4th quarter valued at approximately $20,189,000. Maltese Capital Management LLC bought a new position in Huntington Bancshares in the 3rd quarter valued at approximately $15,496,000. Finally, Bank of Montreal Can raised its holdings in Huntington Bancshares by 24.2% in the 4th quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock valued at $76,802,000 after buying an additional 1,027,377 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.
A number of brokerages recently issued reports on HBAN. BidaskClub lowered shares of Huntington Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.00 target price on shares of Huntington Bancshares in a research report on Tuesday, February 27th. JPMorgan Chase & Co. increased their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Zacks Investment Research downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, ValuEngine raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Huntington Bancshares has an average rating of “Buy” and a consensus price target of $16.76.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a net margin of 25.02% and a return on equity of 12.12%. During the same quarter last year, the firm posted $0.18 EPS. research analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio (DPR) is 44.00%.
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.
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).
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.