SG Americas Securities LLC Acquires 480,907 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

SG Americas Securities LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1,098.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 524,697 shares of the bank’s stock after purchasing an additional 480,907 shares during the period. SG Americas Securities LLC’s holdings in Huntington Bancshares were worth $8,537,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Asset Dedication LLC boosted its holdings in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after acquiring an additional 1,202 shares during the last quarter. Peoples Bank KS purchased a new position in Huntington Bancshares during the third quarter worth about $29,000. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares in the 3rd quarter worth about $31,000. Fortitude Family Office LLC purchased a new stake in Huntington Bancshares in the 3rd quarter valued at about $32,000. Finally, UMB Bank n.a. lifted its position in shares of Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after buying an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Trading Up 0.2 %

Shares of HBAN opened at $16.90 on Friday. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The stock has a market cap of $24.55 billion, a PE ratio of 13.74, a P/E/G ratio of 1.43 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $17.01 and its 200-day moving average price is $15.56.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm posted $0.27 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.37 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.67%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is 50.41%.

Analyst Ratings Changes

HBAN has been the subject of several recent analyst reports. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Stephens reaffirmed an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Tuesday. The Goldman Sachs Group boosted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Company Profile

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.