Intech Investment Management LLC lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 433.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,618 shares of the bank's stock after buying an additional 151,633 shares during the period. Intech Investment Management LLC's holdings in Huntington Bancshares were worth $3,036,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in HBAN. Creative Capital Management Investments LLC increased its stake in Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after acquiring an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd increased its position in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after purchasing an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in Huntington Bancshares during the 4th quarter valued at $37,000. Asset Dedication LLC lifted its position in Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after buying an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after buying an additional 702 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company's stock, valued at $6,647,402.43. This represents a 13.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares of the company's stock, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on HBAN. Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price target for the company in a research note on Friday, March 7th. Citigroup cut their price objective on Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.18.
View Our Latest Stock Analysis on HBAN
Huntington Bancshares Stock Up 2.2 %
Shares of NASDAQ HBAN traded up $0.33 during mid-day trading on Monday, reaching $15.35. 15,981,738 shares of the company were exchanged, compared to its average volume of 16,337,624. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45. The firm has a 50-day moving average of $16.23 and a 200 day moving average of $16.13. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the company posted $0.27 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.
Huntington Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is currently 50.41%.
About Huntington Bancshares
(
Free Report)
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.
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