Ameriprise Financial Inc. Boosts Position in Huntington Bancshares Incorporated (HBAN)
Ameriprise Financial Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,160,447 shares of the bank’s stock after purchasing an additional 91,730 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.20% of Huntington Bancshares worth $30,176,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. ClariVest Asset Management LLC boosted its holdings in shares of Huntington Bancshares by 53.4% during the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after purchasing an additional 3,900 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Huntington Bancshares by 82.1% during the third quarter. SG Americas Securities LLC now owns 207,995 shares of the bank’s stock worth $2,904,000 after purchasing an additional 93,799 shares during the period. Commonwealth Equity Services Inc boosted its holdings in shares of Huntington Bancshares by 5.1% during the third quarter. Commonwealth Equity Services Inc now owns 182,722 shares of the bank’s stock worth $2,550,000 after purchasing an additional 8,920 shares during the period. Quantbot Technologies LP lifted its stake in Huntington Bancshares by 2,596.1% in the third quarter. Quantbot Technologies LP now owns 66,485 shares of the bank’s stock valued at $928,000 after acquiring an additional 64,019 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Huntington Bancshares by 5.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 122,099 shares of the bank’s stock valued at $1,704,000 after acquiring an additional 5,955 shares during the last quarter. Institutional investors and hedge funds own 73.77% of the company’s stock.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the transaction, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the completion of the transaction, the insider now directly owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Huntington Bancshares Incorporated (HBAN) opened at $14.46 on Wednesday. Huntington Bancshares Incorporated has a 52-week low of $12.14 and a 52-week high of $14.93. The company has a market cap of $15,608.86, a P/E ratio of 15.04, a PEG ratio of 1.65 and a beta of 1.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $0.11 EPS. sell-side analysts forecast that Huntington Bancshares Incorporated will post 0.97 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th will be given a $0.11 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.04%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 39.51%.
Huntington Bancshares Profile
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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