Robeco Institutional Asset Management B.V. acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, Holdings Channel reports. The fund acquired 19,915 shares of the bank’s stock, valued at approximately $290,000.
A number of other hedge funds also recently added to or reduced their stakes in HBAN. Verition Fund Management LLC purchased a new stake in Huntington Bancshares during the second quarter worth about $139,000. Alpha Cubed Investments LLC purchased a new stake in Huntington Bancshares during the third quarter worth about $151,000. ClariVest Asset Management LLC boosted its holdings in Huntington Bancshares by 53.4% during the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after buying an additional 3,900 shares in the last quarter. Polaris Greystone Financial Group LLC purchased a new stake in Huntington Bancshares during the third quarter worth about $193,000. Finally, National Asset Management Inc. boosted its holdings in Huntington Bancshares by 5.2% during the second quarter. National Asset Management Inc. now owns 14,630 shares of the bank’s stock worth $198,000 after buying an additional 719 shares in the last quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Huntington Bancshares Incorporated (HBAN) opened at $15.10 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $12.14 and a fifty-two week high of $16.53. The stock has a market cap of $16,766.50, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 32.00%.
A number of research firms recently commented on HBAN. ValuEngine downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $16.50 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.75 price objective on shares of Huntington Bancshares in a report on Wednesday, January 24th. Finally, Hilliard Lyons downgraded shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Wednesday, January 24th. Eleven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Huntington Bancshares currently has a consensus rating of “Buy” and a consensus target price of $16.75.
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About Huntington Bancshares
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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