PGGM Investments Makes New $590,000 Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

PGGM Investments bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,254 shares of the bank's stock, valued at approximately $590,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Apollon Wealth Management LLC bought a new position in Huntington Bancshares in the 3rd quarter valued at about $232,000. GSA Capital Partners LLP grew its position in Huntington Bancshares by 21.2% in the 3rd quarter. GSA Capital Partners LLP now owns 37,529 shares of the bank's stock valued at $552,000 after buying an additional 6,569 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Huntington Bancshares by 15.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,487 shares of the bank's stock valued at $198,000 after buying an additional 1,762 shares in the last quarter. Curi RMB Capital LLC grew its position in Huntington Bancshares by 1.8% in the 3rd quarter. Curi RMB Capital LLC now owns 518,503 shares of the bank's stock valued at $7,622,000 after buying an additional 9,375 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in shares of Huntington Bancshares by 1.1% during the 3rd quarter. Metis Global Partners LLC now owns 79,427 shares of the bank's stock valued at $1,168,000 after purchasing an additional 885 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 38,451 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now owns 335,538 shares in the company, valued at approximately $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

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Huntington Bancshares Stock Up 1.4 %

HBAN traded up $0.21 during midday trading on Wednesday, hitting $14.97. 20,505,463 shares of the company's stock traded hands, compared to its average volume of 15,969,227. The company has a market cap of $21.87 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The stock's fifty day simple moving average is $16.30 and its 200-day simple moving average is $16.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period last year, the business earned $0.27 EPS. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal 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 paid a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.14%. Huntington Bancshares's payout ratio is 50.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HBAN. Baird R W upgraded shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Morgan Stanley reduced their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Stephens restated an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.35.

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.