Osaic Holdings Inc. Grows Position in Huntington Bancshares Incorporated $HBAN

Osaic Holdings Inc. grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 31.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281,070 shares of the bank’s stock after acquiring an additional 66,700 shares during the quarter. Osaic Holdings Inc.’s holdings in Huntington Bancshares were worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Huntington Bancshares by 1.3% in the second quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock worth $2,954,792,000 after purchasing an additional 2,343,244 shares during the last quarter. Boston Partners grew its stake in shares of Huntington Bancshares by 4.8% in the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after buying an additional 2,776,429 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Huntington Bancshares by 1.8% in the 2nd quarter. Invesco Ltd. now owns 58,201,659 shares of the bank’s stock worth $975,460,000 after buying an additional 1,015,066 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Huntington Bancshares by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock valued at $658,541,000 after buying an additional 640,852 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Huntington Bancshares by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 28,384,949 shares of the bank’s stock valued at $475,558,000 after acquiring an additional 397,141 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Down 1.1%

NASDAQ HBAN opened at $17.73 on Wednesday. The stock has a market cap of $25.87 billion, a PE ratio of 12.40, a PEG ratio of 0.68 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.03. The company’s 50-day moving average price is $16.27 and its 200-day moving average price is $16.66. 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 released its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $580.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 43.36%.

Insider Transactions at Huntington Bancshares

In related news, insider Helga Houston sold 64,587 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $15.38, for a total value of $993,348.06. Following the completion of the sale, the insider directly owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marcy C. Hingst sold 12,832 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $18.00, for a total transaction of $230,976.00. Following the transaction, the executive vice president owned 239,473 shares in the company, valued at approximately $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 87,863 shares of company stock valued at $1,396,634. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HBAN shares. Stephens boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 18th. Evercore ISI started coverage on Huntington Bancshares in a research report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target for the company. Cowen restated a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. Citigroup boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Morgan Stanley raised their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.92.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.