DekaBank Deutsche Girozentrale Boosts Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,246 shares of the bank’s stock after acquiring an additional 20,540 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Huntington Bancshares were worth $8,049,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HBAN. Boston Partners increased its stake in Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after purchasing an additional 9,533,511 shares in the last quarter. Norges Bank bought a new stake in Huntington Bancshares during the 4th quarter valued at about $206,703,000. Dimensional Fund Advisors LP increased its stake in Huntington Bancshares by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 15,130,774 shares of the bank’s stock valued at $192,473,000 after purchasing an additional 765,070 shares in the last quarter. Raymond James & Associates increased its stake in Huntington Bancshares by 3.1% during the 1st quarter. Raymond James & Associates now owns 7,403,303 shares of the bank’s stock valued at $103,276,000 after purchasing an additional 225,911 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Huntington Bancshares by 39.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock valued at $83,124,000 after purchasing an additional 1,838,019 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

NASDAQ:HBAN traded down $0.62 during trading hours on Friday, hitting $13.75. 19,146,484 shares of the stock traded hands, compared to its average volume of 20,486,328. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $15.24. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06. The stock has a 50 day moving average price of $13.52 and a 200 day moving average price of $13.38.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Transactions at Huntington Bancshares

In related news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Helga Houston sold 7,278 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $13.64, for a total transaction of $99,271.92. Following the sale, the insider now owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares in the company, valued at approximately $1,054,364.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,900 shares of company stock valued at $1,862,176. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on HBAN shares. Bank of America lifted their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Jefferies Financial Group reduced their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Evercore ISI reduced their price target on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $15.47.

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.