Capital International Investors lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 22.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 43,919,215 shares of the bank’s stock after acquiring an additional 8,101,400 shares during the period. Capital International Investors owned approximately 4.03% of Huntington Bancshares worth $593,788,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Huntington Bancshares by 6.5% in the 1st quarter. Wellington Management Group LLP now owns 18,405,607 shares of the bank’s stock valued at $246,451,000 after acquiring an additional 1,121,927 shares during the period. Budros Ruhlin & Roe Inc. raised its stake in Huntington Bancshares by 57.9% in the 2nd quarter. Budros Ruhlin & Roe Inc. now owns 42,263 shares of the bank’s stock worth $571,000 after acquiring an additional 15,501 shares during the last quarter. Algebris Investments UK LLP raised its stake in Huntington Bancshares by 617.8% in the 1st quarter. Algebris Investments UK LLP now owns 567,800 shares of the bank’s stock worth $7,603,000 after acquiring an additional 488,700 shares during the last quarter. First National Bank of Omaha raised its stake in Huntington Bancshares by 0.6% in the 2nd quarter. First National Bank of Omaha now owns 312,098 shares of the bank’s stock worth $4,219,000 after acquiring an additional 1,844 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in Huntington Bancshares by 430.6% during the 2nd quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank’s stock worth $21,914,000 after acquiring an additional 1,315,390 shares during the period. Institutional investors and hedge funds own 74.17% of the company’s stock.

Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded up 0.14% on Monday, hitting $13.98. 3,107,617 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $12.83 and its 200 day moving average price is $13.10. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 19.36 and a beta of 1.38. Huntington Bancshares Incorporated has a 12-month low of $9.57 and a 12-month high of $14.74.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Huntington Bancshares had a net margin of 18.41% and a return on equity of 11.39%. During the same period in the prior year, the company posted $0.19 earnings per share. On average, equities analysts predict that Huntington Bancshares Incorporated will post $0.92 earnings per share for the current fiscal year.

Huntington Bancshares declared that its Board of Directors has authorized a share buyback program on Wednesday, June 28th that allows the company to buyback $308.00 million in outstanding shares. This buyback authorization allows the bank to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, September 15th. Huntington Bancshares’s dividend payout ratio is presently 46.38%.

HBAN has been the topic of several research analyst reports. Morgan Stanley dropped their price target on Huntington Bancshares from $14.00 to $13.75 and set an “equal weight” rating on the stock in a research note on Tuesday, June 6th. BMO Capital Markets reissued a “buy” rating and issued a $16.00 price objective on shares of Huntington Bancshares in a report on Friday, June 9th. BidaskClub upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods set a $14.00 price objective on Huntington Bancshares and gave the stock a “hold” rating in a research note on Saturday, June 24th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.01.

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In other news, EVP Nicholas G. Stanutz sold 16,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total transaction of $203,360.00. Following the completion of the transaction, the executive vice president now directly owns 447,722 shares of the company’s stock, valued at approximately $5,690,546.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard W. Neu bought 2,450 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were acquired at an average cost of $13.10 per share, with a total value of $32,095.00. Following the completion of the purchase, the director now owns 184,596 shares in the company, valued at approximately $2,418,207.60. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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