Huntington Bancshares Incorporated $HBAN Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,967,010 shares of the bank’s stock after buying an additional 197,782 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Huntington Bancshares were worth $51,240,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HBAN. Empowered Funds LLC lifted its position in Huntington Bancshares by 5.0% during the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after acquiring an additional 1,366 shares during the period. Woodline Partners LP raised its stake in shares of Huntington Bancshares by 40.8% in the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after purchasing an additional 35,574 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Huntington Bancshares by 41.9% during the second quarter. Brighton Jones LLC now owns 17,161 shares of the bank’s stock worth $288,000 after purchasing an additional 5,069 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Huntington Bancshares by 11.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 12,478 shares of the bank’s stock valued at $209,000 after buying an additional 1,238 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Huntington Bancshares by 154.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 75,476 shares of the bank’s stock valued at $1,265,000 after buying an additional 45,852 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Brantley J. Standridge sold 5,830 shares of Huntington Bancshares stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total value of $111,586.20. Following the sale, the vice president directly owned 327,676 shares in the company, valued at approximately $6,271,718.64. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total value of $44,161.80. Following the sale, the insider owned 71,566 shares of the company’s stock, valued at approximately $1,273,874.80. This trade represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 50,145 shares of company stock valued at $929,885. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several research reports. Barclays lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Raymond James Financial boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a research report on Friday, January 23rd. National Bank Financial set a $21.00 price target on Huntington Bancshares in a research report on Wednesday, February 4th. Wall Street Zen lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Morgan Stanley decreased their price objective on Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $16.80 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $19.45. The business’s 50 day moving average is $17.81 and its two-hundred day moving average is $17.08. The company has a market capitalization of $34.10 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.68 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the company earned $0.34 earnings per share. Analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio (DPR) is 44.60%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.