Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,748 shares of the bank’s stock after buying an additional 11,027 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Huntington Bancshares were worth $1,702,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Huntington Bancshares by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after purchasing an additional 1,209,264 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Huntington Bancshares by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock valued at $468,725,000 after buying an additional 245,025 shares during the last quarter. Boston Partners boosted its position in shares of Huntington Bancshares by 33.0% during the third quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after buying an additional 7,271,405 shares during the period. Victory Capital Management Inc. grew its holdings in Huntington Bancshares by 23.7% in the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock worth $186,421,000 after buying an additional 3,438,552 shares in the last quarter. Finally, Northern Trust Corp increased its position in Huntington Bancshares by 5.5% in the 3rd quarter. Northern Trust Corp now owns 14,273,987 shares of the bank’s stock valued at $148,449,000 after acquiring an additional 744,443 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In related news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the transaction, the vice president now owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders sold 102,241 shares of company stock valued at $1,360,359 in the last three months. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HBAN shares. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. Citigroup raised their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Raymond James upped their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, December 26th. JPMorgan Chase & Co. raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

Huntington Bancshares Stock Performance

HBAN stock opened at $13.53 on Tuesday. The stock has a market cap of $19.62 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50 day simple moving average of $13.29 and a 200 day simple moving average of $12.19. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.38 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.58%. Huntington Bancshares’s payout ratio is currently 55.86%.

Huntington Bancshares Profile

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.