Nomura Asset Management Co. Ltd. Has $6.55 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Nomura Asset Management Co. Ltd. lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445,637 shares of the bank's stock after buying an additional 30,830 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Huntington Bancshares were worth $6,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS purchased a new position in Huntington Bancshares in the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares during the third quarter valued at approximately $31,000. Fortitude Family Office LLC acquired a new position in shares of Huntington Bancshares during the third quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after purchasing an additional 2,003 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Performance

HBAN stock remained flat at $17.17 during trading hours on Friday. The company had a trading volume of 12,838,127 shares, compared to its average volume of 15,809,455. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $16.60 and a 200-day moving average of $14.82. Huntington Bancshares Incorporated has a fifty-two week low of $12.02 and a fifty-two week high of $18.44. The firm has a market capitalization of $24.94 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.47 and a beta of 1.06.

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

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's payout ratio is 59.62%.

Insider Buying and Selling at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 over the last three months. Corporate insiders own 0.89% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday. Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $20.00 price target (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Royal Bank of Canada reissued an "outperform" rating and set a $20.00 price objective on shares of Huntington Bancshares in a report on Thursday. Finally, Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. One research 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. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average price target of $17.41.

About Huntington Bancshares

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.