Daiwa Securities Group Inc. Acquires 41,056 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Daiwa Securities Group Inc. boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 25.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,277 shares of the bank's stock after buying an additional 41,056 shares during the period. Daiwa Securities Group Inc.'s holdings in Huntington Bancshares were worth $2,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Dedication LLC increased its holdings in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock valued at $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS bought a new stake in Huntington Bancshares during the third quarter worth approximately $29,000. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $31,000. Fortitude Family Office LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after acquiring an additional 2,003 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In other news, insider Helga Houston sold 6,455 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 in the last 90 days. Corporate insiders own 0.92% of the company's stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $18.00 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a 50 day simple moving average of $15.86 and a 200 day simple moving average of $14.53. Huntington Bancshares Incorporated has a 52-week low of $10.73 and a 52-week high of $18.44. The firm has a market capitalization of $26.15 billion, a PE ratio of 17.31, a P/E/G ratio of 3.63 and a beta of 1.03.

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

Huntington Bancshares Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on HBAN shares. Citigroup raised their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Evercore ISI raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a research note on Tuesday. DA Davidson raised their price target on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Barclays raised their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.62.

Huntington Bancshares 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.