Conning Inc. increased its position in Huntington Bancshares Inc. (NASDAQ:HBAN) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 24,476 shares of the company’s stock after buying an additional 30 shares during the period. Conning Inc.’s holdings in Huntington Bancshares were worth $219,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of HBAN. Renaissance Technologies LLC increased its stake in shares of Huntington Bancshares by 3,035.4% in the first quarter. Renaissance Technologies LLC now owns 3,658,085 shares of the company’s stock worth $34,898,000 after buying an additional 3,541,414 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Huntington Bancshares by 26.2% in the first quarter. JPMorgan Chase & Co. now owns 12,261,849 shares of the company’s stock worth $116,977,000 after buying an additional 2,545,124 shares during the period. ING Groep NV increased its stake in shares of Huntington Bancshares by 1,137.7% in the first quarter. ING Groep NV now owns 1,931,233 shares of the company’s stock worth $18,405,000 after buying an additional 1,775,193 shares during the period. Nuveen Asset Management LLC increased its stake in shares of 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 worth $17,357,000 after buying an additional 1,717,669 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Huntington Bancshares during the second quarter worth about $8,277,000. 75.73% of the stock is owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) traded up 0.10% during midday trading on Friday, hitting $10.17. The stock had a trading volume of 8,896,507 shares. The stock has a 50 day moving average of $9.83 and a 200-day moving average of $9.68. Huntington Bancshares Inc. has a one year low of $7.83 and a one year high of $11.87. The company has a market cap of $8.13 billion, a P/E ratio of 13.04 and a beta of 1.13.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 period last year, the business earned $0.23 EPS. Analysts forecast that Huntington Bancshares Inc. will post $0.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, September 15th. This represents a $0.28 annualized dividend and a yield of 2.75%. Huntington Bancshares’s dividend payout ratio is presently 35.90%.
A number of analysts have issued reports on HBAN shares. FBR & Co raised Huntington Bancshares from a “market perform” rating to an “outperform” rating and set a $11.00 target price for the company in a research note on Monday, July 11th. Zacks Investment Research cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. BMO Capital Markets reiterated a “market perform” rating and set a $11.00 price target on shares of Huntington Bancshares in a report on Wednesday, July 6th. JPMorgan Chase & Co. lowered their price target on Huntington Bancshares from $10.50 to $9.50 and set a “neutral” rating for the company in a report on Thursday, July 7th. Finally, Deutsche Bank AG upgraded 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. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.12.
In other Huntington Bancshares news, EVP David S. Anderson sold 9,006 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $9.82, for a total transaction of $88,438.92. Following the completion of the sale, the executive vice president now directly owns 110,233 shares in the company, valued at $1,082,488.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicholas G. Stanutz sold 35,350 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $9.64, for a total value of $340,774.00. Following the sale, the executive vice president now owns 434,650 shares of the company’s stock, valued at $4,190,026. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
About Huntington Bancshares
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.