Bank of Montreal Can Buys 73,676 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Bank of Montreal Can grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,612,272 shares of the bank's stock after acquiring an additional 73,676 shares during the quarter. Bank of Montreal Can owned about 0.32% of Huntington Bancshares worth $67,524,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Heritage Wealth Management Inc. acquired a new stake in Huntington Bancshares in the 2nd quarter worth about $744,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Huntington Bancshares by 40.7% in the 3rd 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 lifted its stake in shares of Huntington Bancshares by 531.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock valued at $15,166,000 after purchasing an additional 968,331 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after purchasing an additional 2,363,988 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Huntington Bancshares by 221.8% in the 1st quarter. Cetera Investment Advisers now owns 756,408 shares of the bank's stock valued at $10,552,000 after purchasing an additional 521,372 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HBAN. Evercore ISI raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a report 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 report on Tuesday. Morgan Stanley raised their target price on Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Piper Sandler lifted their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. Finally, DA Davidson lifted their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $16.62.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

Shares of HBAN traded down $0.14 during midday trading on Thursday, reaching $18.00. The stock had a trading volume of 9,001,486 shares, compared to its average volume of 16,011,175. Huntington Bancshares Incorporated has a 52 week low of $10.73 and a 52 week high of $18.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The firm's 50 day moving average price is $15.93 and its 200-day moving average price is $14.55. The company has a market capitalization of $26.15 billion, a P/E 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 posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.36 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business 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. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is presently 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.