Intech Investment Management LLC Has $1.88 Million Holdings in Huntington Bancshares Incorporated $HBAN

Intech Investment Management LLC decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 37.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 112,226 shares of the bank’s stock after selling 67,730 shares during the period. Intech Investment Management LLC’s holdings in Huntington Bancshares were worth $1,881,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Personalized Indexing Management LLC lifted its stake in Huntington Bancshares by 26.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock valued at $2,808,000 after buying an additional 35,014 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Huntington Bancshares by 43.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after acquiring an additional 28,739 shares in the last quarter. Shell Asset Management Co. raised its holdings in shares of Huntington Bancshares by 58.7% during the second quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after acquiring an additional 74,220 shares during the period. Czech National Bank lifted its position in Huntington Bancshares by 6.6% in the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock valued at $5,968,000 after acquiring an additional 22,190 shares in the last quarter. Finally, Boston Partners boosted its stake in Huntington Bancshares by 4.7% in the 2nd quarter. Boston Partners now owns 60,871,690 shares of the bank’s stock worth $1,019,253,000 after purchasing an additional 2,709,071 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 3.7%

HBAN opened at $15.88 on Friday. The stock’s fifty day simple moving average is $16.24 and its 200 day simple moving average is $16.42. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The stock has a market cap of $23.18 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio is 43.36%.

Wall Street Analyst Weigh In

Several brokerages have commented on HBAN. Keefe, Bruyette & Woods boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Cowen reissued a “buy” rating on shares of Huntington Bancshares in a research report on Monday, October 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Jefferies Financial Group dropped their price objective on Huntington Bancshares from $20.00 to $19.00 in a research note on Monday, November 3rd. Finally, Evercore ISI started coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.66.

Insider Activity

In related news, Director John C. Inglis purchased 6,506 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director directly owned 89,831 shares in the company, valued at $1,374,414.30. The trade was a 7.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.89% of the stock is owned by corporate insiders.

About Huntington Bancshares

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.