Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,030,291 shares of the bank’s stock after purchasing an additional 24,802 shares during the quarter. Royal London Asset Management Ltd. owned 0.07% of Huntington Bancshares worth $13,105,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HBAN. Wetzel Investment Advisors Inc. acquired a new stake in Huntington Bancshares in the 4th quarter valued at about $29,000. Nemes Rush Group LLC raised its position in shares of Huntington Bancshares by 140.9% during the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $33,000. Baker Avenue Asset Management LP lifted its stake in Huntington Bancshares by 31.8% in the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Huntington Bancshares by 184.0% during the 4th quarter. Allworth Financial LP now owns 4,007 shares of the bank’s stock valued at $51,000 after buying an additional 2,596 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HBAN has been the topic of a number of analyst reports. Jefferies Financial Group raised Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Evercore ISI boosted their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Huntington Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday. Stephens reiterated an “equal weight” rating and issued a $15.00 price target on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, UBS Group decreased their price objective on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.13.

Huntington Bancshares Trading Up 0.2 %

HBAN traded up $0.03 on Friday, reaching $12.37. 27,766,964 shares of the company’s stock were exchanged, compared to its average volume of 14,806,422. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $14.30. The company’s 50 day moving average is $13.57 and its 200-day moving average is $13.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 2.29 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $0.38 EPS. Equities analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.01%. Huntington Bancshares’s payout ratio is currently 55.86%.

Insider Activity

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,948 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total value of $214,819.56. Following the completion of the transaction, the insider now directly owns 21,102 shares of the company’s stock, valued at approximately $284,243.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the sale, the insider now owns 648,904 shares in the company, valued at $8,851,050.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the transaction, the insider now owns 21,102 shares in the company, valued at $284,243.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,829 shares of company stock worth $2,148,623. 0.89% of the stock is currently owned by company insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.