Concert Wealth Management Inc. boosted its stake in Huntington Bancshares Inc. (NASDAQ:HBAN) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,603 shares of the company’s stock after buying an additional 394 shares during the period. Concert Wealth Management Inc.’s holdings in Huntington Bancshares were worth $132,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HBAN. Huntington National Bank boosted its position in Huntington Bancshares by 14.9% in the second quarter. Huntington National Bank now owns 2,880,810 shares of the company’s stock valued at $25,754,000 after buying an additional 374,294 shares in the last quarter. Geode Capital Management LLC boosted its position in Huntington Bancshares by 3.6% in the first quarter. Geode Capital Management LLC now owns 6,895,402 shares of the company’s stock valued at $65,655,000 after buying an additional 239,414 shares in the last quarter. Renaissance Technologies LLC boosted its position in Huntington Bancshares by 3,035.4% in the first quarter. Renaissance Technologies LLC now owns 3,658,085 shares of the company’s stock valued at $34,898,000 after buying an additional 3,541,414 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Huntington Bancshares by 1,688.7% in the first quarter. Nuveen Asset Management LLC now owns 1,819,386 shares of the company’s stock valued at $17,357,000 after buying an additional 1,717,669 shares in the last quarter. Finally, First Merchants Corp purchased a new position in Huntington Bancshares during the second quarter valued at about $794,000. 75.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) traded down 1.63% during trading on Monday, hitting $9.66. 7,854,240 shares of the stock were exchanged. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 12.38 and a beta of 1.13. Huntington Bancshares Inc. has a 12-month low of $7.83 and a 12-month high of $11.87. The stock’s 50 day moving average is $9.88 and its 200-day moving average is $9.70.
Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.02. Huntington Bancshares had a return on equity of 11.07% and a net margin of 20.85%. During the same quarter in the prior year, the company earned $0.23 earnings per share. Equities research analysts anticipate that Huntington Bancshares Inc. will post $0.82 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 19th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.90%. Huntington Bancshares’s dividend payout ratio is currently 35.90%.
HBAN has been the subject of several analyst reports. Deutsche Bank AG raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.50 to $11.50 in a report on Wednesday, September 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $11.00 target price on shares of Huntington Bancshares in a report on Wednesday, July 6th. Jefferies Group reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Thursday, August 4th. FBR & Co cut shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Tuesday, October 11th. Finally, Wedbush initiated coverage on shares of Huntington Bancshares in a report on Thursday, October 6th. They issued an “outperform” rating and a $12.00 target price for the company. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.12.
In other news, EVP David S. Anderson sold 9,006 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $9.82, for a total transaction of $88,438.92. Following the sale, the executive vice president now owns 110,233 shares in the company, valued at $1,082,488.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nicholas G. Stanutz sold 35,350 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $9.64, for a total transaction of $340,774.00. Following the sale, the executive vice president now owns 434,650 shares in the company, valued at approximately $4,190,026. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated is a diversified regional bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company is engaged in providing commercial, small business, consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance programs, and other financial products and services.
Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Inc. (NASDAQ:HBAN).
Receive News & Ratings for Huntington Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.