AMP Capital Investors Ltd Decreases Position in Huntington Bancshares Incorporated (HBAN)
AMP Capital Investors Ltd decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,325 shares of the bank’s stock after selling 29,365 shares during the period. AMP Capital Investors Ltd’s holdings in Huntington Bancshares were worth $4,108,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in Huntington Bancshares by 6.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 155,367 shares of the bank’s stock valued at $2,169,000 after purchasing an additional 9,991 shares in the last quarter. Stifel Financial Corp raised its position in Huntington Bancshares by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 298,891 shares of the bank’s stock valued at $4,168,000 after purchasing an additional 5,256 shares in the last quarter. Pinebridge Investments L.P. raised its position in Huntington Bancshares by 12.5% in the 3rd quarter. Pinebridge Investments L.P. now owns 1,502,332 shares of the bank’s stock valued at $20,973,000 after purchasing an additional 166,992 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Huntington Bancshares by 62.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 23,970 shares of the bank’s stock valued at $335,000 after purchasing an additional 9,200 shares in the last quarter. Finally, KBC Group NV raised its position in Huntington Bancshares by 7.6% in the 3rd quarter. KBC Group NV now owns 465,414 shares of the bank’s stock valued at $6,497,000 after purchasing an additional 33,045 shares in the last quarter. 73.77% of the stock is currently owned by hedge funds and other institutional investors.
HBAN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.25 price target on shares of Huntington Bancshares in a research report on Friday, October 13th. Nomura increased their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Sanford C. Bernstein raised Huntington Bancshares from a “market perform” rating to an “outperform” rating and increased their price target for the company from $15.00 to $17.00 in a research report on Thursday, September 14th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research report on Friday, September 8th. Finally, JMP Securities initiated coverage on Huntington Bancshares in a research report on Thursday, August 31st. They issued an “outperform” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $15.63.
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). Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.11 EPS. sell-side analysts forecast that Huntington Bancshares Incorporated will post 0.98 earnings per share for the current 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 $0.11 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio is presently 38.55%.
In other news, EVP Daniel J. Neumeyer sold 43,491 shares of the stock in a transaction dated Tuesday, October 31st. The stock was 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 in the company, valued at approximately $5,930,507.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Helga Houston sold 14,513 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the transaction, the insider now owns 499,824 shares in the company, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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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