Signaturefd LLC Grows Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Signaturefd LLC raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 33.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,748 shares of the bank’s stock after acquiring an additional 7,449 shares during the period. Signaturefd LLC’s holdings in Huntington Bancshares were worth $378,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Huntington Bancshares by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after purchasing an additional 1,209,264 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Huntington Bancshares by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock valued at $468,725,000 after purchasing an additional 245,025 shares in the last quarter. Boston Partners increased its stake in shares of Huntington Bancshares by 33.0% in the 3rd quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock valued at $304,439,000 after purchasing an additional 7,271,405 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Huntington Bancshares by 23.7% in the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock valued at $186,421,000 after purchasing an additional 3,438,552 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Huntington Bancshares by 5.5% in the 3rd quarter. Northern Trust Corp now owns 14,273,987 shares of the bank’s stock valued at $148,449,000 after purchasing an additional 744,443 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Huntington Bancshares news, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the sale, the insider now owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kendall A. Kowalski sold 15,948 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the sale, the insider now directly owns 21,102 shares in the company, valued at approximately $284,243.94. The disclosure for this sale can be found here. Insiders have sold a total of 198,189 shares of company stock valued at $2,664,978 over the last quarter. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Trading Down 1.3 %

HBAN opened at $13.58 on Friday. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The stock has a market capitalization of $19.66 billion, a PE ratio of 12.23, a P/E/G ratio of 2.53 and a beta of 1.11. The business’s 50 day moving average price is $13.35 and its 200 day moving average price is $12.23. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s payout ratio is 55.86%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HBAN shares. Royal Bank of Canada lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. UBS Group upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $15.50 in a report on Tuesday, February 27th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Finally, Evercore ISI lifted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.