Andra AP fonden Boosts Stake in Huntington Bancshares Incorporated $HBAN

Andra AP fonden grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 168.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 727,600 shares of the bank’s stock after purchasing an additional 456,700 shares during the quarter. Andra AP fonden’s holdings in Huntington Bancshares were worth $12,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in shares of Huntington Bancshares by 5.0% in the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP lifted its position in Huntington Bancshares by 40.8% during the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock valued at $1,844,000 after acquiring an additional 35,574 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Huntington Bancshares by 41.9% during the second quarter. Brighton Jones LLC now owns 17,161 shares of the bank’s stock worth $288,000 after acquiring an additional 5,069 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Huntington Bancshares by 11.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 12,478 shares of the bank’s stock valued at $209,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Huntington Bancshares by 2.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,747,463 shares of the bank’s stock worth $79,567,000 after purchasing an additional 98,108 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the sale, the executive vice president directly owned 239,473 shares in the company, valued at approximately $4,310,514. This trade represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Brantley J. Standridge sold 5,830 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $19.14, for a total value of $111,586.20. Following the completion of the sale, the vice president owned 327,676 shares in the company, valued at approximately $6,271,718.64. This trade represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 50,145 shares of company stock valued at $929,885. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 4.2%

Shares of HBAN stock opened at $16.80 on Friday. The stock has a 50-day simple moving average of $17.81 and a 200 day simple moving average of $17.08. The stock has a market capitalization of $34.10 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.71 and a beta of 0.96. 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 fifty-two week low of $11.91 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business posted $0.34 EPS. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 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 Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HBAN. Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. UBS Group set a $21.00 price target on shares of Huntington Bancshares in a research report on Wednesday, February 4th. Keefe, Bruyette & Woods lowered their price objective on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Finally, Raymond James Financial increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares presently 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.