Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 5.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 521,823 shares of the bank’s stock after purchasing an additional 25,142 shares during the period. TD Asset Management Inc’s holdings in Huntington Bancshares were worth $6,638,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. acquired a new stake in Huntington Bancshares in the 4th quarter valued at approximately $29,000. Nemes Rush Group LLC increased its holdings in Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,391 shares during the last quarter. Planned Solutions Inc. purchased a new position in Huntington Bancshares in the 4th quarter valued at approximately $33,000. Baker Avenue Asset Management LP boosted its position in Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Huntington Bancshares in the 3rd quarter valued at approximately $51,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $13.48 on Wednesday. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $14.30. The stock has a market cap of $19.54 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a fifty day moving average price of $13.72 and a 200 day moving average price of $12.99.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.60%. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Brantley J. Standridge sold 50,000 shares of Huntington Bancshares stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the transaction, the vice president now directly owns 385,409 shares in the company, valued at $5,241,562.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Kendall A. Kowalski sold 15,711 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $13.84, for a total transaction of $217,440.24. Following the transaction, the insider now directly owns 65,195 shares in the company, valued at $902,298.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the transaction, the vice president now owns 385,409 shares in the company, valued at approximately $5,241,562.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 215,829 shares of company stock worth $2,933,943. 0.92% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. Royal Bank of Canada raised their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and raised their price target for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Finally, UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.30.

View Our Latest Report on Huntington Bancshares

About Huntington Bancshares

(Free Report)

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.

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

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