Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 414.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,050 shares of the bank's stock after acquiring an additional 50,000 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in Huntington Bancshares were worth $912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Heritage Wealth Management Inc. bought a new stake in Huntington Bancshares in the 2nd quarter valued at $744,000. Robeco Institutional Asset Management B.V. grew its position in shares of Huntington Bancshares by 40.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank's stock valued at $2,837,000 after purchasing an additional 55,865 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Huntington Bancshares by 531.0% in the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock worth $15,166,000 after purchasing an additional 968,331 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Huntington Bancshares by 13.2% in the third 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 in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Huntington Bancshares by 221.8% during the first quarter. Cetera Investment Advisers now owns 756,408 shares of the bank's stock valued at $10,552,000 after buying an additional 521,372 shares during the last quarter. Institutional investors own 80.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday. Barclays increased their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Morgan Stanley boosted their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Finally, DA Davidson increased their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Huntington Bancshares presently has an average rating of "Moderate Buy" and a consensus target price of $16.62.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares in the company, valued at $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. Insiders sold 43,699 shares of company stock worth $757,356 in the last three months. 0.89% of the stock is owned by insiders.

Huntington Bancshares Trading Up 0.1 %

HBAN traded up $0.01 on Friday, reaching $18.01. 6,348,973 shares of the company traded hands, compared to its average volume of 15,969,347. 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 company has a market cap of $26.17 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. The firm has a fifty day simple moving average of $15.99 and a two-hundred day simple moving average of $14.58. Huntington Bancshares Incorporated has a one year low of $11.10 and a one year high of $18.44.

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

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's payout ratio is 59.62%.

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.