Aberdeen Group plc Has $23.09 Million Position in Huntington Bancshares Incorporated $HBAN

Aberdeen Group plc reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,354,451 shares of the bank’s stock after selling 34,127 shares during the period. Aberdeen Group plc owned approximately 0.09% of Huntington Bancshares worth $23,087,000 as of its most recent SEC filing.

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

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $17.47 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. The business’s fifty day moving average price is $17.85 and its two-hundred day moving average price is $17.01. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $19.45. The stock has a market capitalization of $27.51 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS 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 firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Insider Activity at Huntington Bancshares

In other news, insider Kendall A. Kowalski sold 2,481 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 of the company’s stock, valued at $1,273,874.80. The trade was a 3.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amit Dhingra sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the sale, the insider owned 155,634 shares in the company, valued at approximately $2,879,229. This trade represents a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 114,732 shares of company stock valued at $1,923,233. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, January 12th. Keefe, Bruyette & Woods decreased their price target on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a research note on Friday, January 23rd. Barclays boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Finally, Raymond James Financial raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.60.

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.