Huntington Bancshares Incorporated (HBAN) Stake Lifted by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,725,405 shares of the bank’s stock after acquiring an additional 29,552 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.16% of Huntington Bancshares worth $24,080,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in HBAN. Vanguard Group Inc. lifted its holdings in Huntington Bancshares by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock worth $1,487,068,000 after buying an additional 2,558,854 shares in the last quarter. Capital International Investors lifted its holdings in Huntington Bancshares by 22.6% during the 2nd quarter. Capital International Investors now owns 43,919,215 shares of the bank’s stock worth $593,788,000 after buying an additional 8,101,400 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Huntington Bancshares by 20.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock worth $167,172,000 after buying an additional 2,065,131 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Huntington Bancshares by 2.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 9,911,920 shares of the bank’s stock worth $134,009,000 after buying an additional 279,415 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Huntington Bancshares by 10.8% during the 2nd quarter. Wells Fargo & Company MN now owns 7,422,603 shares of the bank’s stock worth $100,354,000 after buying an additional 724,176 shares in the last quarter. 73.77% of the stock is currently owned by institutional investors and hedge funds.
HBAN has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a report on Friday, October 13th. Nomura upped their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Sanford C. Bernstein raised Huntington Bancshares from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $17.00 in a report on Thursday, September 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of Huntington Bancshares in a report on Friday, September 8th. Finally, JMP Securities initiated coverage on Huntington Bancshares in a report on Thursday, August 31st. They set an “outperform” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $15.46.
In other Huntington Bancshares news, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the sale, the insider now owns 499,824 shares in the company, valued at approximately $6,882,576.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) opened at $14.62 on Tuesday. The company has a market cap of $16,052.05, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Huntington Bancshares Incorporated has a 1 year low of $12.14 and a 1 year high of $14.93. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter in the previous year, the firm posted $0.11 EPS. equities research analysts forecast that Huntington Bancshares Incorporated will post 0.98 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be given a dividend of $0.11 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.01%. Huntington Bancshares’s payout ratio is presently 39.51%.
About Huntington Bancshares
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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