Commonwealth Bank of Australia raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 119,606 shares of the bank’s stock after acquiring an additional 7,954 shares during the period. Commonwealth Bank of Australia’s holdings in Huntington Bancshares were worth $1,665,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Lincoln National Corp raised its holdings in Huntington Bancshares by 0.6% in the 2nd quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock valued at $194,000 after acquiring an additional 84 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Huntington Bancshares by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock valued at $1,092,000 after acquiring an additional 216 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Huntington Bancshares by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock valued at $303,000 after buying an additional 289 shares during the period. GHP Investment Advisors Inc. grew its stake in shares of Huntington Bancshares by 0.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 149,042 shares of the bank’s stock valued at $2,015,000 after buying an additional 451 shares during the period. Finally, MAI Capital Management grew its stake in shares of Huntington Bancshares by 1.5% during the 2nd quarter. MAI Capital Management now owns 34,493 shares of the bank’s stock valued at $466,000 after buying an additional 515 shares during the period. Institutional investors own 73.77% of the company’s stock.
Several analysts have recently issued reports on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $15.50 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 17th. FBR & Co reissued a “hold” rating and set a $14.00 price objective on shares of Huntington Bancshares in a research note on Thursday, October 26th. Nomura boosted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. BMO Capital Markets cut shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.25 price target on shares of Huntington Bancshares in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.24.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. equities analysts expect that Huntington Bancshares Incorporated will post 0.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be issued a $0.11 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 2.99%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s payout ratio is currently 38.55%.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the sale, the executive vice president now owns 427,270 shares in the company, valued at approximately $5,930,507.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Helga Houston sold 14,513 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the sale, the insider now owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
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Huntington Bancshares Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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