Huntington Bancshares Incorporated (NASDAQ:HBAN) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,318,486 shares of the bank's stock after acquiring an additional 2,363,988 shares during the period. Victory Capital Management Inc. owned approximately 1.40% of Huntington Bancshares worth $298,682,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HBAN. GSA Capital Partners LLP grew its stake in shares of Huntington Bancshares by 21.2% during 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 during the period. Apollon Wealth Management LLC purchased a new stake in Huntington Bancshares during the third quarter valued at about $232,000. Versor Investments LP increased its stake in Huntington Bancshares by 125.4% during the third quarter. Versor Investments LP now owns 76,200 shares of the bank's stock worth $1,120,000 after acquiring an additional 42,400 shares during the last quarter. Kennebec Savings Bank purchased a new position in Huntington Bancshares in the third quarter valued at approximately $402,000. Finally, State of New Jersey Common Pension Fund D grew its stake in Huntington Bancshares by 4.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 435,530 shares of the bank's stock worth $6,402,000 after buying an additional 19,334 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research reports. 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 report on Monday, July 22nd. Sandler O'Neill reiterated a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Barclays upped their price target on Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Citigroup lifted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $16.09.

Huntington Bancshares Stock Performance

NASDAQ HBAN traded down $0.11 on Tuesday, hitting $17.64. The stock had a trading volume of 12,815,816 shares, compared to its average volume of 16,128,862. The company's 50-day moving average is $15.15 and its two-hundred day moving average is $14.22. The stock has a market cap of $25.63 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 3.51 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 Incorporated has a one year low of $10.10 and a one year high of $17.85.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its 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. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.36 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Insider Activity

In other news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.89% of the company's stock.

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.