DekaBank Deutsche Girozentrale Grows Holdings in Huntington Bancshares Incorporated (HBAN)
DekaBank Deutsche Girozentrale grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,128 shares of the bank’s stock after buying an additional 5,056 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Huntington Bancshares were worth $1,645,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CIBC World Markets Inc. raised its holdings in Huntington Bancshares by 61.6% in the third quarter. CIBC World Markets Inc. now owns 120,859 shares of the bank’s stock valued at $1,803,000 after acquiring an additional 46,072 shares in the last quarter. American International Group Inc. raised its holdings in Huntington Bancshares by 6.1% in the third quarter. American International Group Inc. now owns 439,241 shares of the bank’s stock valued at $6,553,000 after acquiring an additional 25,253 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in Huntington Bancshares in the third quarter valued at $408,000. PNC Financial Services Group Inc. raised its holdings in Huntington Bancshares by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 3,364,797 shares of the bank’s stock valued at $50,203,000 after acquiring an additional 35,973 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Huntington Bancshares by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 8,671,432 shares of the bank’s stock valued at $129,377,000 after acquiring an additional 98,561 shares in the last quarter. Institutional investors own 76.88% of the company’s stock.
HBAN has been the topic of several recent analyst reports. Raymond James cut their price target on shares of Huntington Bancshares from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, October 4th. Vining Sparks reaffirmed a “buy” rating and issued a $19.00 price target on shares of Huntington Bancshares in a report on Tuesday, October 9th. Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $17.50 price target (down from $17.75) on shares of Huntington Bancshares in a report on Tuesday, September 18th. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $16.92.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, December 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.09%. Huntington Bancshares’s dividend payout ratio (DPR) is 57.14%.
In other Huntington Bancshares news, CEO Stephen D. Steinour bought 17,493 shares of the company’s stock in a transaction on Thursday, October 25th. The shares were bought at an average cost of $13.48 per share, with a total value of $235,805.64. Following the completion of the acquisition, the chief executive officer now owns 4,768,399 shares of the company’s stock, valued at $64,278,018.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Helga Houston sold 42,608 shares of the stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $14.66, for a total transaction of $624,633.28. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by corporate insiders.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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