Great Lakes Advisors LLC Has $1.41 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Great Lakes Advisors LLC raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 240.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,327 shares of the bank’s stock after buying an additional 57,458 shares during the quarter. Great Lakes Advisors LLC’s holdings in Huntington Bancshares were worth $1,405,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in Huntington Bancshares in the second quarter worth $374,474,000. Fisher Asset Management LLC grew its stake in shares of Huntington Bancshares by 1,700.0% in the 2nd quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock valued at $56,164,000 after buying an additional 3,164,915 shares during the period. Jefferies Financial Group Inc. grew its stake in shares of Huntington Bancshares by 14,950.0% in the 2nd quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock valued at $50,359,000 after buying an additional 2,984,764 shares during the period. Boston Partners raised its stake in Huntington Bancshares by 4.8% during the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after buying an additional 2,776,429 shares during the period. Finally, Vanguard Group Inc. raised its stake in Huntington Bancshares by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock worth $2,954,792,000 after buying an additional 2,343,244 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HBAN shares. Evercore ISI began coverage on Huntington Bancshares in a report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective for the company. TD Cowen boosted their price target on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods lowered their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday, January 23rd. Argus lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Zacks Research lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.26.

Insider Buying and Selling

In other news, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the transaction, the insider owned 71,566 shares of the company’s stock, valued at $1,273,874.80. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Inglis acquired 6,506 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director owned 89,831 shares in the company, valued at $1,374,414.30. The trade was a 7.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 97,863 shares of company stock worth $1,581,634 in the last three months. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Up 1.1%

HBAN stock opened at $17.48 on Monday. The stock has a market cap of $27.53 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.71 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $17.46 and its two-hundred day simple moving average is $16.88. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.91.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same period last year, the firm posted $0.34 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.60%.

Huntington Bancshares 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.