Candriam S.C.A. Acquires 15,723 Shares of Huntington Bancshares Incorporated $HBAN

Candriam S.C.A. increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 196,043 shares of the bank’s stock after acquiring an additional 15,723 shares during the quarter. Candriam S.C.A.’s holdings in Huntington Bancshares were worth $3,286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HBAN. Apollon Wealth Management LLC boosted its holdings in shares of Huntington Bancshares by 9.0% in the 1st quarter. Apollon Wealth Management LLC now owns 11,454 shares of the bank’s stock worth $172,000 after buying an additional 946 shares during the last quarter. Creekmur Asset Management LLC boosted its stake in Huntington Bancshares by 22,533.3% in the first quarter. Creekmur Asset Management LLC now owns 4,074 shares of the bank’s stock valued at $61,000 after acquiring an additional 4,056 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Huntington Bancshares by 2.2% during the 1st quarter. Private Advisor Group LLC now owns 45,463 shares of the bank’s stock valued at $682,000 after acquiring an additional 1,000 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Huntington Bancshares by 1.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 133,679 shares of the bank’s stock worth $2,007,000 after purchasing an additional 2,551 shares during the last quarter. Finally, Berkeley Capital Partners LLC raised its holdings in shares of Huntington Bancshares by 4.5% in the 1st quarter. Berkeley Capital Partners LLC now owns 29,664 shares of the bank’s stock worth $445,000 after purchasing an additional 1,286 shares during the period. Institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HBAN shares. JPMorgan Chase & Co. increased their price objective on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a report on Friday, October 10th. Morgan Stanley lifted their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Jefferies Financial Group lowered their price objective on Huntington Bancshares from $20.00 to $19.00 in a research note on Monday, November 3rd. Raymond James Financial reiterated a “strong-buy” rating and set a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.66.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Inglis bought 6,506 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of $15.30 per share, with a total value of $99,541.80. Following the completion of the transaction, the director owned 89,831 shares of the company’s stock, valued at $1,374,414.30. The trade was a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

HBAN stock opened at $15.73 on Friday. The firm has a 50 day moving average of $16.46 and a 200-day moving average of $16.41. The firm has a market capitalization of $22.96 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s payout ratio is presently 43.36%.

Huntington Bancshares 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.