Mutual of America Capital Management LLC Has $2.36 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mutual of America Capital Management LLC lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,223 shares of the bank’s stock after purchasing an additional 4,346 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Huntington Bancshares were worth $2,361,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HBAN. SG Americas Securities LLC increased its stake in shares of Huntington Bancshares by 391.6% during the 1st quarter. SG Americas Securities LLC now owns 81,435 shares of the bank’s stock worth $1,191,000 after purchasing an additional 64,870 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Huntington Bancshares by 263.3% during the 1st quarter. CENTRAL TRUST Co now owns 5,326 shares of the bank’s stock worth $78,000 after purchasing an additional 3,860 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Huntington Bancshares by 77.5% during the 1st quarter. Metis Global Partners LLC now owns 22,899 shares of the bank’s stock worth $335,000 after purchasing an additional 10,001 shares during the last quarter. Waldron Private Wealth LLC increased its stake in shares of Huntington Bancshares by 14.0% during the 1st quarter. Waldron Private Wealth LLC now owns 18,140 shares of the bank’s stock worth $268,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in shares of Huntington Bancshares by 29.4% during the 1st quarter. Ausdal Financial Partners Inc. now owns 13,219 shares of the bank’s stock worth $193,000 after purchasing an additional 3,002 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $15.15 on Wednesday. The company has a 50-day moving average of $14.22 and a 200-day moving average of $13.53. The company has a market capitalization of $21.86 billion, a price-to-earnings ratio of 11.74 and a beta of 1.13. Huntington Bancshares Incorporated has a 52 week low of $11.67 and a 52 week high of $17.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.83 and a current ratio of 0.84.

Huntington Bancshares (NASDAQ:HBANGet Rating) last released its quarterly earnings data on Friday, October 21st. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Huntington Bancshares had a net margin of 27.34% and a return on equity of 13.76%. During the same quarter in the prior year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.47 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 19th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, December 16th. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Huntington Bancshares in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Royal Bank of Canada raised their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 11th. Stephens lowered shares of Huntington Bancshares from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $15.00 to $16.00 in a research note on Monday, October 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Huntington Bancshares from $16.50 to $15.50 and set a “hold” rating on the stock in a research note on Monday, September 12th. Finally, Morgan Stanley raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, November 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.69.

Insider Activity at Huntington Bancshares

In other news, Director Gary Torgow purchased 16,835 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The stock was purchased at an average cost of $14.75 per share, with a total value of $248,316.25. Following the acquisition, the director now directly owns 910,136 shares of the company’s stock, valued at approximately $13,424,506. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Scott D. Kleinman sold 9,749 shares of Huntington Bancshares stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the completion of the transaction, the vice president now directly owns 214,477 shares of the company’s stock, valued at approximately $3,324,393.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Torgow purchased 16,835 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were purchased at an average cost of $14.75 per share, with a total value of $248,316.25. Following the completion of the acquisition, the director now directly owns 910,136 shares in the company, valued at $13,424,506. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Huntington Bancshares Company Profile

(Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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