Gulf International Bank UK Ltd raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 370,278 shares of the bank’s stock after purchasing an additional 13,000 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Huntington Bancshares were worth $5,524,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HBAN. NuWave Investment Management LLC raised its holdings in shares of Huntington Bancshares by 5,991.8% in the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock valued at $133,000 after acquiring an additional 8,748 shares in the last quarter. Dupont Capital Management Corp raised its holdings in shares of Huntington Bancshares by 79.3% in the second quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock valued at $143,000 after acquiring an additional 4,270 shares in the last quarter. GAM Holding AG bought a new stake in shares of Huntington Bancshares in the second quarter valued at about $154,000. Atria Investments LLC bought a new stake in shares of Huntington Bancshares in the second quarter valued at about $177,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Huntington Bancshares by 219.6% in the third quarter. Global Retirement Partners LLC now owns 13,014 shares of the bank’s stock valued at $194,000 after acquiring an additional 8,942 shares in the last quarter. Institutional investors and hedge funds own 73.99% of the company’s stock.
Several analysts recently weighed in on HBAN shares. BidaskClub downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Vining Sparks restated a “buy” rating and issued a $19.00 price objective on shares of Huntington Bancshares in a report on Tuesday, October 9th. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. Morgan Stanley restated a “hold” rating and issued a $17.50 price objective (down from $17.75) on shares of Huntington Bancshares in a report on Tuesday, September 18th. Finally, Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Monday, October 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.13.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 18th will be issued a $0.14 dividend. The ex-dividend date is Monday, December 17th. This represents a $0.56 dividend on an annualized basis and a yield of 3.82%. Huntington Bancshares’s dividend payout ratio is presently 57.14%.
In other news, CEO Stephen D. Steinour bought 17,493 shares of Huntington Bancshares stock in a transaction on Thursday, October 25th. The stock was acquired at an average cost of $13.48 per share, for a total transaction of $235,805.64. Following the completion of the acquisition, the chief executive officer now owns 4,768,399 shares of the company’s stock, valued at approximately $64,278,018.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Howell D. Mccullough III sold 68,777 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $16.17, for a total transaction of $1,112,124.09. Following the completion of the transaction, the chief financial officer now owns 720,413 shares of the company’s stock, valued at $11,649,078.21. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.
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About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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