Steward Partners Investment Advisory LLC Invests $411,000 in Huntington Bancshares Incorporated (HBAN)
Steward Partners Investment Advisory LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,450 shares of the bank’s stock, valued at approximately $411,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of HBAN. Capital International Investors grew its stake in shares of Huntington Bancshares by 22.6% in the second quarter. Capital International Investors now owns 43,919,215 shares of the bank’s stock worth $593,788,000 after purchasing an additional 8,101,400 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Huntington Bancshares by 2.4% in the second quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock worth $1,487,068,000 after purchasing an additional 2,558,854 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Huntington Bancshares by 20.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock worth $167,172,000 after purchasing an additional 2,065,131 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in shares of Huntington Bancshares in the third quarter worth $23,872,000. Finally, Nationwide Fund Advisors grew its stake in shares of Huntington Bancshares by 430.6% in the second quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank’s stock worth $21,914,000 after purchasing an additional 1,315,390 shares during the last quarter. 73.77% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the transaction, the executive vice president now owns 427,270 shares in the company, valued at $5,930,507.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the transaction, the insider now owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Shares of Huntington Bancshares Incorporated (HBAN) opened at $14.68 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. The company has a market cap of $15,760.19, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.66 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.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The firm 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 period last year, the company posted $0.11 EPS. equities research analysts expect that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.00%. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio is 39.51%.
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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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