Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by ING Groep NV

ING Groep NV lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,191 shares of the bank’s stock after buying an additional 5,927 shares during the period. ING Groep NV’s holdings in Huntington Bancshares were worth $1,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Elo Mutual Pension Insurance Co increased its holdings in Huntington Bancshares by 1.5% in the first quarter. Elo Mutual Pension Insurance Co now owns 73,392 shares of the bank’s stock valued at $1,154,000 after buying an additional 1,064 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Huntington Bancshares by 3.8% in the first quarter. Mercer Global Advisors Inc. ADV now owns 61,015 shares of the bank’s stock valued at $959,000 after purchasing an additional 2,247 shares during the last quarter. Marcum Wealth LLC grew its position in shares of Huntington Bancshares by 53.0% in the first quarter. Marcum Wealth LLC now owns 50,026 shares of the bank’s stock valued at $786,000 after purchasing an additional 17,332 shares during the last quarter. Shoker Investment Counsel Inc. acquired a new stake in shares of Huntington Bancshares in the first quarter valued at approximately $173,000. Finally, Teacher Retirement System of Texas grew its position in shares of Huntington Bancshares by 8.1% in the first quarter. Teacher Retirement System of Texas now owns 213,542 shares of the bank’s stock valued at $3,357,000 after purchasing an additional 16,015 shares during the last quarter. 79.93% of the stock is owned by hedge funds and other institutional investors.

NASDAQ HBAN opened at $14.50 on Friday. Huntington Bancshares Incorporated has a one year low of $8.01 and a one year high of $16.91. The firm has a 50-day simple moving average of $15.65. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.85. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 12.61 and a beta of 1.35.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, April 21st. The bank reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.16. Huntington Bancshares had a net margin of 25.18% and a return on equity of 12.08%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.03 EPS. The company’s quarterly revenue was up 18.8% on a year-over-year basis. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Shareholders of record on Thursday, June 17th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Wednesday, June 16th. Huntington Bancshares’s payout ratio is 86.96%.

A number of analysts recently issued reports on HBAN shares. Stephens raised their target price on shares of Huntington Bancshares from $14.00 to $17.50 and gave the stock an “equal weight” rating in a research report on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Huntington Bancshares from $14.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, April 1st. Barclays raised their target price on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 7th. Raymond James raised their target price on shares of Huntington Bancshares from $15.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, March 24th. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $17.25 to $18.50 and gave the stock an “equal weight” rating in a research note on Thursday, March 18th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Huntington Bancshares currently has a consensus rating of “Buy” and a consensus target price of $14.85.

In other news, EVP Scott D. Kleinman sold 6,225 shares of the business’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $15.56, for a total transaction of $96,861.00. Following the sale, the executive vice president now owns 212,853 shares in the company, valued at $3,311,992.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sandra E. Pierce sold 85,986 shares of the business’s stock in a transaction that occurred on Tuesday, June 1st. The shares were sold at an average price of $16.00, for a total transaction of $1,375,776.00. Following the sale, the executive vice president now owns 435,063 shares in the company, valued at approximately $6,961,008. The disclosure for this sale can be found here. Insiders have sold a total of 121,390 shares of company stock valued at $1,924,912 over the last three months. 1.04% of the stock is currently owned by company insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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