BNP Paribas Arbitrage SA lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 39.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 723,671 shares of the bank’s stock after purchasing an additional 205,325 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Huntington Bancshares worth $10,102,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Huntington Bancshares by 2.4% during the second quarter. Vanguard Group Inc. now owns 109,990,274 shares of the bank’s stock worth $1,487,068,000 after purchasing an additional 2,558,854 shares in the last quarter. Capital International Investors increased its position in shares of Huntington Bancshares by 22.6% during the second quarter. Capital International Investors now owns 43,919,215 shares of the bank’s stock worth $593,788,000 after purchasing an additional 8,101,400 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Huntington Bancshares by 20.1% during the second quarter. The Manufacturers Life Insurance Company now owns 12,364,805 shares of the bank’s stock worth $167,172,000 after purchasing an additional 2,065,131 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Huntington Bancshares by 2.9% during the second quarter. TIAA CREF Investment Management LLC now owns 9,911,920 shares of the bank’s stock worth $134,009,000 after purchasing an additional 279,415 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Huntington Bancshares by 10.8% during the second quarter. Wells Fargo & Company MN now owns 7,422,603 shares of the bank’s stock worth $100,354,000 after purchasing an additional 724,176 shares in the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) traded up $0.25 on Wednesday, reaching $13.61. The company’s stock had a trading volume of 11,459,200 shares, compared to its average volume of 9,545,602. Huntington Bancshares Incorporated has a 12 month low of $11.64 and a 12 month high of $14.74. The stock has a market cap of $14,441.44, a price-to-earnings ratio of 13.92, a PEG ratio of 1.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $0.11 EPS. equities analysts predict that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be paid a dividend of $0.11 per share. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.23%. Huntington Bancshares’s payout ratio is 39.51%.
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In other news, EVP Nicholas G. Stanutz sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total transaction of $203,360.00. Following the sale, the executive vice president now owns 447,722 shares of the company’s stock, valued at approximately $5,690,546.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Neumeyer sold 43,491 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the sale, the executive vice president now directly owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. Insiders have sold a total of 74,004 shares of company stock worth $1,006,859 in the last three months. Corporate insiders own 1.30% of the company’s stock.
HBAN has been the topic of a number of research analyst reports. BMO Capital Markets reiterated 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 upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $15.00 in a research report on Monday, July 24th. BidaskClub cut Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies upgraded Huntington Bancshares from a “neutral” rating to an “overweight” rating and boosted their price target 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 assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.22.
Huntington Bancshares 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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