Meeder Asset Management Inc. grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 69.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,952 shares of the bank’s stock after acquiring an additional 8,156 shares during the quarter. Meeder Asset Management Inc.’s holdings in Huntington Bancshares were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC increased its stake in Huntington Bancshares by 99,812.5% in the 2nd quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock worth $108,000 after acquiring an additional 7,985 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $134,000. Verition Fund Management LLC bought a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $139,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Huntington Bancshares by 8.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after purchasing an additional 834 shares during the last quarter. Finally, Foster & Motley Inc. increased its position in shares of Huntington Bancshares by 2.2% during the 2nd quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock valued at $142,000 after purchasing an additional 224 shares during the last quarter. 74.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) traded down $0.07 during mid-day trading on Friday, hitting $13.14. The company’s stock had a trading volume of 8,767,500 shares, compared to its average volume of 8,214,786. Huntington Bancshares Incorporated has a twelve month low of $11.49 and a twelve month high of $14.74. The stock has a market cap of $14,203.63, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same quarter in the prior year, the company posted $0.11 earnings per share. analysts forecast that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a dividend of $0.11 per share. This is a boost from Huntington Bancshares’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s dividend payout ratio is 39.51%.
Several equities analysts have recently weighed in on HBAN shares. BMO Capital Markets reissued an “outperform” rating and set a $15.00 target price (down previously from $16.00) on shares of Huntington Bancshares in a research report on Friday, July 21st. Hilliard Lyons raised Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $15.00 in a research report on Monday, July 24th. BidaskClub downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Royal Bank Of Canada reissued a “buy” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies raised Huntington Bancshares from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $15.00 in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.22.
In related news, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the sale, the executive vice president now directly owns 427,270 shares in the company, valued at approximately $5,930,507.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the sale, the insider now owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. Insiders have sold a total of 74,004 shares of company stock valued at $1,006,859 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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