Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,084,856 shares of the bank's stock after buying an additional 168,186 shares during the period. Citigroup Inc. owned 0.63% of Huntington Bancshares worth $133,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HBAN. Boston Partners raised its position in shares of Huntington Bancshares by 20.4% in the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank's stock valued at $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. raised its position in Huntington Bancshares by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after buying an additional 2,363,988 shares during the last quarter. Point72 Asset Management L.P. raised its position in Huntington Bancshares by 194.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank's stock worth $42,226,000 after buying an additional 2,116,839 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Huntington Bancshares by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock worth $921,778,000 after buying an additional 1,522,767 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Huntington Bancshares by 531.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock worth $15,166,000 after buying an additional 968,331 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Up 1.5 %

Huntington Bancshares stock traded up $0.27 during mid-day trading on Friday, hitting $17.89. The company had a trading volume of 15,157,589 shares, compared to its average volume of 14,884,744. The stock has a market cap of $25.99 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 3.52 and a beta of 1.03. Huntington Bancshares Incorporated has a 1 year low of $10.73 and a 1 year high of $17.98. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $15.72 and a 200 day moving average of $14.47.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period last year, the firm posted $0.36 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.47%. Huntington Bancshares's dividend payout ratio (DPR) is presently 59.62%.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares of the company's stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,699 shares of company stock worth $757,356. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HBAN shares. Robert W. Baird lowered shares of Huntington Bancshares from an "outperform" rating to a "neutral" rating and set a $15.00 target price for the company. in a report on Friday, July 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. Citigroup lifted their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Baird R W lowered shares of Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.26.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.