Huntington Bancshares Incorporated $HBAN Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 46.4% during the first quarter, HoldingsChannel.com reports. The firm owned 411,736 shares of the bank’s stock after purchasing an additional 130,465 shares during the period. IFM Investors Pty Ltd’s holdings in Huntington Bancshares were worth $6,444,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HBAN. CIBC Asset Management Inc raised its position in Huntington Bancshares by 24.5% during the fourth quarter. CIBC Asset Management Inc now owns 533,005 shares of the bank’s stock worth $9,248,000 after acquiring an additional 104,965 shares during the period. Fieldview Capital Management LLC lifted its holdings in Huntington Bancshares by 15.9% during the third quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after purchasing an additional 65,828 shares in the last quarter. KBC Group NV grew its position in shares of Huntington Bancshares by 16.3% in the fourth quarter. KBC Group NV now owns 2,820,816 shares of the bank’s stock valued at $48,941,000 after purchasing an additional 395,489 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Huntington Bancshares by 688.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 86,478 shares of the bank’s stock valued at $1,500,000 after purchasing an additional 75,516 shares during the period. Finally, Korea Investment CORP increased its stake in shares of Huntington Bancshares by 107.2% during the third quarter. Korea Investment CORP now owns 3,933,919 shares of the bank’s stock worth $67,939,000 after purchasing an additional 2,035,351 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the transaction, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director directly owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought 33,500 shares of company stock valued at $617,542 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HBAN shares. The Goldman Sachs Group reduced their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday. Barclays downgraded Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada lifted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.15.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.86 on Friday. The company has a market cap of $36.20 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.82 and a beta of 0.93. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The company’s 50-day moving average price is $16.58 and its 200-day moving average price is $16.90. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the prior year, the company earned $0.34 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a $0.155 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio is 47.69%.

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.