Cerity Partners LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,065,856 shares of the bank's stock after acquiring an additional 223,624 shares during the quarter. Cerity Partners LLC owned 0.07% of Huntington Bancshares worth $15,668,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of HBAN. Charles Schwab Investment Management Inc. grew its holdings in Huntington Bancshares by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock valued at $921,778,000 after purchasing an additional 1,522,767 shares during the period. Boston Partners lifted its position in shares of Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank's stock valued at $783,215,000 after buying an additional 9,533,511 shares in the last quarter. Victory Capital Management Inc. grew its stake in Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the period. Dimensional Fund Advisors LP grew its stake in Huntington Bancshares by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank's stock valued at $208,346,000 after acquiring an additional 561,565 shares during the period. Finally, Citigroup Inc. raised its position in Huntington Bancshares by 1.9% during the third quarter. Citigroup Inc. now owns 9,084,856 shares of the bank's stock worth $133,547,000 after acquiring an additional 168,186 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.
HBAN opened at $18.20 on Tuesday. The stock has a market capitalization of $26.44 billion, a PE ratio of 17.50, a P/E/G ratio of 3.57 and a beta of 1.03. Huntington Bancshares Incorporated has a one year low of $10.73 and a one year high of $18.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The business's 50 day moving average price is $15.79 and its 200 day moving average price is $14.50.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is presently 59.62%.
Several analysts have recently issued reports on HBAN shares. Evercore ISI lifted their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Sandler O'Neill reiterated a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Citigroup increased their target price on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. Finally, Morgan Stanley increased their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.26.
Get Our Latest Analysis on Huntington Bancshares
In related news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company's stock, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the business's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock worth $757,356 over the last three months. Insiders own 0.92% of the company's stock.
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.
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