Barclays PLC Purchases 689,897 Shares of Huntington Bancshares Incorporated $HBAN

Barclays PLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,753,652 shares of the bank’s stock after buying an additional 689,897 shares during the period. Barclays PLC owned 0.46% of Huntington Bancshares worth $116,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Huntington Bancshares during the 2nd quarter valued at about $374,474,000. Victory Capital Management Inc. grew its holdings in shares of Huntington Bancshares by 15.7% during the third quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after purchasing an additional 4,640,302 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Huntington Bancshares by 1,700.0% in the second quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock worth $56,164,000 after purchasing an additional 3,164,915 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in Huntington Bancshares by 14,950.0% in the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock valued at $50,359,000 after purchasing an additional 2,984,764 shares in the last quarter. Finally, Boston Partners raised its stake in Huntington Bancshares by 4.8% in the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HBAN. Argus boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Zacks Research cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Barclays upped their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. UBS Group set a $21.00 target price on Huntington Bancshares in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.78.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $16.31 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $19.45. The company has a fifty day moving average of $17.70 and a 200-day moving average of $17.08. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The business 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 quarter in the previous year, the business earned $0.34 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. Huntington Bancshares’s payout ratio is currently 44.60%.

Insider Buying and Selling

In related news, Director Gary Torgow acquired 14,200 shares of the stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $17.81 per share, for a total transaction of $252,902.00. Following the completion of the transaction, the director owned 943,341 shares of the company’s stock, valued at $16,800,903.21. This trade represents a 1.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James D. Rollins III acquired 4,915 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $17.65 per share, with a total value of $86,749.75. Following the purchase, the director owned 4,915 shares of the company’s stock, valued at approximately $86,749.75. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 26,488 shares of company stock worth $510,286 and have sold 50,145 shares worth $929,885. Insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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.