AE Wealth Management LLC Purchases 82,965 Shares of Huntington Bancshares Incorporated $HBAN

AE Wealth Management LLC boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,676,655 shares of the bank’s stock after acquiring an additional 82,965 shares during the quarter. AE Wealth Management LLC owned approximately 0.11% of Huntington Bancshares worth $28,956,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HBAN. Vanguard Personalized Indexing Management LLC raised its stake in Huntington Bancshares by 26.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after purchasing an additional 35,014 shares during the last quarter. FineMark National Bank & Trust lifted its stake in shares of Huntington Bancshares by 59.2% in the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock valued at $2,935,000 after buying an additional 65,144 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Huntington Bancshares during the third quarter worth about $3,746,000. Commerzbank Aktiengesellschaft FI raised its holdings in Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock valued at $1,592,000 after acquiring an additional 28,739 shares in the last quarter. Finally, Shoker Investment Counsel Inc. lifted its position in shares of Huntington Bancshares by 1,706.3% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after acquiring an additional 189,462 shares during the period. 80.72% of the stock is owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other news, Director John C. Inglis bought 6,506 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the transaction, the director directly owned 89,831 shares in the company, valued at $1,374,414.30. The trade was a 7.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $17.80, for a total value of $44,161.80. Following the transaction, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 97,863 shares of company stock worth $1,581,634 over the last ninety days. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $17.06 on Thursday. The stock has a 50-day simple moving average of $17.39 and a 200 day simple moving average of $16.87. The stock has a market capitalization of $26.87 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.71 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.91.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the business posted $0.34 EPS. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Jefferies Financial Group lifted their target price on shares of Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Finally, Barclays raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.