Leuthold Group LLC Purchases New Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Leuthold Group LLC acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 287,719 shares of the bank's stock, valued at approximately $4,229,000.

Several other large investors also recently made changes to their positions in HBAN. FCG Investment Co acquired a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $1,323,000. Peterson Wealth Advisors LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $176,000. State of Alaska Department of Revenue lifted its stake in shares of Huntington Bancshares by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 168,602 shares of the bank's stock valued at $2,478,000 after purchasing an additional 11,450 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Huntington Bancshares by 4.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 163,992 shares of the bank's stock valued at $2,411,000 after purchasing an additional 6,926 shares during the period. Finally, First Bank & Trust lifted its stake in shares of Huntington Bancshares by 4.2% in the 3rd quarter. First Bank & Trust now owns 203,304 shares of the bank's stock valued at $2,989,000 after purchasing an additional 8,192 shares during the period. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Up 2.5 %

Shares of NASDAQ HBAN traded up $0.39 during mid-day trading on Monday, hitting $15.77. The company had a trading volume of 9,512,397 shares, compared to its average volume of 16,120,108. The company has a market capitalization of $22.90 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 3.17 and a beta of 1.04. The firm has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $14.01. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a one year low of $9.43 and a one year high of $16.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations 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 company earned $0.36 EPS. On average, equities analysts expect that Huntington Bancshares Incorporated will post 1.2 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.93%. Huntington Bancshares's dividend payout ratio is 59.62%.

Insider Activity

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction on Wednesday, October 23rd. The shares were 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 of the company's stock, valued at $8,615,217.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HBAN. Bank of America increased their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Jefferies Financial Group cut their price target on Huntington Bancshares from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, July 3rd. DA Davidson raised their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Monday, October 21st. Citigroup raised their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Finally, Argus raised their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.03.

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.