Huntington Bancshares Incorporated (HBAN) Shares Bought by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,491,272 shares of the bank’s stock after buying an additional 19,902 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.23% of Huntington Bancshares worth $34,778,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Lincoln National Corp grew its stake in Huntington Bancshares by 0.6% in the 2nd quarter. Lincoln National Corp now owns 14,350 shares of the bank’s stock valued at $194,000 after buying an additional 84 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Huntington Bancshares by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 80,766 shares of the bank’s stock valued at $1,092,000 after buying an additional 216 shares during the last quarter. Raymond James Trust N.A. grew its stake in Huntington Bancshares by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 22,377 shares of the bank’s stock valued at $303,000 after buying an additional 289 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in Huntington Bancshares by 0.3% in the 2nd quarter. GHP Investment Advisors Inc. now owns 149,042 shares of the bank’s stock valued at $2,015,000 after buying an additional 451 shares during the last quarter. Finally, MAI Capital Management grew its stake in Huntington Bancshares by 1.5% in the 2nd quarter. MAI Capital Management now owns 34,493 shares of the bank’s stock valued at $466,000 after buying an additional 515 shares during the last quarter. Institutional investors own 73.77% of the company’s stock.
In related news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total transaction of $603,655.08. Following the completion of the transaction, the executive vice president now directly owns 427,270 shares of the company’s stock, valued at approximately $5,930,507.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the transaction, the insider now directly owns 499,824 shares of the company’s stock, valued at $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
HBAN has been the topic of a number of research analyst reports. FBR & Co reiterated a “hold” rating and issued a $14.00 target price on shares of Huntington Bancshares in a research note on Thursday, October 26th. Nomura raised their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. BMO Capital Markets lowered shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 target price on the stock. in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a research note on Friday, October 13th. Finally, Piper Jaffray Companies upgraded shares of Huntington Bancshares from a “neutral” rating to an “overweight” rating and raised their target price for the company from $14.00 to $15.00 in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Huntington Bancshares presently has a consensus rating of “Buy” and a consensus target price of $15.24.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $14.70 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a market cap of $16,020.00, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. Huntington Bancshares Incorporated has a 12-month low of $12.14 and a 12-month high of $14.93.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same period in the previous year, the business posted $0.11 earnings per share. sell-side analysts predict that Huntington Bancshares Incorporated will post 0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 38.55%.
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About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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