Robeco Institutional Asset Management B.V. Increases Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 40.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,984 shares of the bank's stock after buying an additional 55,865 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Huntington Bancshares were worth $2,837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HBAN. WealthShield Partners LLC increased its stake in Huntington Bancshares by 5.9% in the 2nd quarter. WealthShield Partners LLC now owns 12,237 shares of the bank's stock worth $163,000 after purchasing an additional 683 shares during the period. UMB Bank n.a. increased its stake in shares of Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after buying an additional 728 shares during the period. Foundations Investment Advisors LLC raised its holdings in Huntington Bancshares by 3.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank's stock valued at $312,000 after buying an additional 744 shares during the last quarter. Summit Financial Strategies Inc. grew its holdings in Huntington Bancshares by 2.5% in the 2nd quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank's stock worth $408,000 after acquiring an additional 762 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of Huntington Bancshares by 4.1% in the second quarter. TCW Group Inc. now owns 20,235 shares of the bank's stock valued at $267,000 after acquiring an additional 794 shares during the period. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

HBAN traded down $0.09 during midday trading on Friday, hitting $17.29. 15,612,774 shares of the company traded hands, compared to its average volume of 14,606,766. The company's 50-day moving average is $15.09 and its 200 day moving average is $14.19. Huntington Bancshares Incorporated has a 52 week low of $10.10 and a 52 week high of $17.54. The firm has a market capitalization of $25.12 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results 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. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. 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 prior year, the firm earned $0.36 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 3.59%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's payout ratio is currently 59.62%.

Insider Transactions at Huntington Bancshares

In other 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 transaction, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price objective on shares of Huntington Bancshares in a report on Friday, October 18th. Citigroup upped their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Finally, Baird R W lowered Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $16.09.

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.