Pacer Advisors Inc. Purchases 52,185 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Pacer Advisors Inc. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,578 shares of the bank's stock after purchasing an additional 52,185 shares during the quarter. Pacer Advisors Inc.'s holdings in Huntington Bancshares were worth $2,613,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Huntington Bancshares by 10.3% during the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after acquiring an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Huntington Bancshares by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock valued at $921,778,000 after purchasing an additional 1,522,767 shares during the period. Geode Capital Management LLC increased its stake in shares of Huntington Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock valued at $540,422,000 after purchasing an additional 473,893 shares during the period. FMR LLC raised its holdings in shares of Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after buying an additional 3,410,597 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Huntington Bancshares by 13.2% during the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after buying an additional 2,363,988 shares during the period. Institutional investors own 80.72% of the company's stock.

Insider Activity at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the company's stock in a transaction that occurred on 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 sale, the vice president now 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. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on HBAN. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. The Goldman Sachs Group upped their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Evercore ISI lifted their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.06.

Huntington Bancshares Stock Up 0.2 %

HBAN stock traded up $0.03 during trading hours on Tuesday, hitting $16.87. The company's stock had a trading volume of 20,783,436 shares, compared to its average volume of 19,445,211. The stock has a 50 day moving average price of $16.90 and a two-hundred day moving average price of $15.78. 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 Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The company has a market capitalization of $24.51 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $0.27 EPS. On average, equities research analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.68%. Huntington Bancshares's payout ratio is 50.41%.

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.