Private Advisor Group LLC boosted its position in shares of Huntington Bancshares Inc. (NASDAQ:HBAN) by 15.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,358 shares of the company’s stock after buying an additional 3,738 shares during the period. Private Advisor Group LLC’s holdings in Huntington Bancshares were worth $233,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBAN. Brown Advisory Securities LLC boosted its position in Huntington Bancshares by 2.1% in the second quarter. Brown Advisory Securities LLC now owns 11,106 shares of the company’s stock worth $101,000 after buying an additional 229 shares during the period. Aspen Investment Management Inc purchased a new position in Huntington Bancshares during the second quarter worth $102,000. Aspiriant LLC purchased a new position in Huntington Bancshares during the second quarter worth $102,000. Robecosam AG purchased a new position in Huntington Bancshares during the first quarter worth $125,000. Finally, Concert Wealth Management Inc. boosted its position in Huntington Bancshares by 2.8% in the second quarter. Concert Wealth Management Inc. now owns 14,603 shares of the company’s stock worth $132,000 after buying an additional 394 shares during the period. Institutional investors own 75.73% of the company’s stock.
Shares of Huntington Bancshares Inc. (NASDAQ:HBAN) opened at 9.90 on Friday. The stock has a market cap of $7.91 billion, a PE ratio of 12.69 and a beta of 1.07. Huntington Bancshares Inc. has a 12 month low of $7.83 and a 12 month high of $11.87. The stock has a 50 day moving average of $9.75 and a 200 day moving average of $9.66.
Huntington Bancshares (NASDAQ:HBAN) last issued 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 previous year, the company earned $0.23 EPS. On average, equities analysts anticipate that Huntington Bancshares Inc. will post $0.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 19th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, September 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 35.90%.
A number of research analysts recently weighed in on the stock. Nomura restated a “hold” rating on shares of Huntington Bancshares in a research note on Saturday, July 9th. Barclays PLC reiterated a “hold” rating on shares of Huntington Bancshares in a research note on Saturday, July 9th. Zacks Investment Research upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $10.50 price target on shares of Huntington Bancshares in a research note on Monday, June 27th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $10.50 price target on shares of Huntington Bancshares in a research note on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Huntington Bancshares presently has an average rating of “Hold” and an average price target of $11.03.
In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 35,350 shares of Huntington Bancshares stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $9.64, for a total transaction of $340,774.00. Following the transaction, the executive vice president now directly owns 434,650 shares of the company’s stock, valued at $4,190,026. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David S. Anderson sold 9,006 shares of Huntington Bancshares 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 transaction, the executive vice president now directly owns 110,233 shares in the company, valued at $1,082,488.06. 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.
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