Machina Capital S.A.S. Acquires 64,075 Shares of Huntington Bancshares Incorporated $HBAN

Machina Capital S.A.S. lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 32.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 258,682 shares of the bank’s stock after acquiring an additional 64,075 shares during the quarter. Machina Capital S.A.S.’s holdings in Huntington Bancshares were worth $3,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HBAN. BlackRock Inc. acquired a new position in Huntington Bancshares during the second quarter valued at $3,134,426,000. Dimensional Fund Advisors LP lifted its stake in Huntington Bancshares by 27.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after acquiring an additional 5,026,894 shares in the last quarter. Amundi lifted its stake in Huntington Bancshares by 30.7% in the 1st quarter. Amundi now owns 19,502,547 shares of the bank’s stock worth $305,215,000 after acquiring an additional 4,578,566 shares in the last quarter. Bank of America Corp DE acquired a new stake in Huntington Bancshares during the 2nd quarter worth about $256,772,000. Finally, Bank of New York Mellon Corp acquired a new stake in Huntington Bancshares during the 2nd quarter worth about $229,246,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $15.88 on Thursday. The firm has a market cap of $32.08 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 1.02 and a beta of 0.97. Huntington Bancshares Incorporated has a 1 year low of $14.82 and a 1 year high of $19.45. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $16.62.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be paid a dividend of $0.1550 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is 51.24%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HBAN shares. UBS Group set a $18.00 target price on Huntington Bancshares in a research note on Tuesday, October 6th. Morgan Stanley lowered shares of Huntington Bancshares from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $21.00 to $19.00 in a research report on Friday, July 24th. Weiss Ratings cut shares of Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, October 27th. DA Davidson lowered their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.89.

Insider Activity

In related news, SVP Donnell R. White sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total value of $47,610.00. Following the transaction, the senior vice president owned 23,697 shares in the company, valued at approximately $376,071.39. This represents a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Torgow acquired 12,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were acquired at an average cost of $15.73 per share, for a total transaction of $199,771.00. Following the transaction, the director owned 956,041 shares of the company’s stock, valued at approximately $15,038,524.93. This represents a 1.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.67% of the stock is owned by corporate insiders.

Huntington Bancshares Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.