iSAM Funds UK Ltd Has $2.51 Million Holdings in Huntington Bancshares Incorporated $HBAN

iSAM Funds UK Ltd lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 27.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,455 shares of the bank’s stock after selling 54,417 shares during the quarter. iSAM Funds UK Ltd’s holdings in Huntington Bancshares were worth $2,512,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Huntington Bancshares in the second quarter valued at $374,474,000. Victory Capital Management Inc. lifted its position in Huntington Bancshares by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after buying an additional 4,640,302 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Huntington Bancshares by 1,700.0% during the 2nd quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock worth $56,164,000 after buying an additional 3,164,915 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of Huntington Bancshares by 14,950.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after buying an additional 2,984,764 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Huntington Bancshares by 4.8% in the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after acquiring an additional 2,776,429 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.7%

Shares of HBAN stock opened at $15.21 on Friday. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $19.45. The stock has a market cap of $30.87 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 0.63 and a beta of 0.95. The firm’s 50-day moving average is $17.53 and its 200-day moving average is $17.04. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the previous year, the business posted $0.34 EPS. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s payout ratio is currently 44.60%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HBAN. UBS Group set a $21.00 target price on Huntington Bancshares in a research report on Wednesday, February 4th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Morgan Stanley boosted their price target on Huntington Bancshares from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial increased their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “strong-buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

Insider Activity at Huntington Bancshares

In related news, VP Brantley J. Standridge sold 5,830 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $19.14, for a total transaction of $111,586.20. Following the transaction, the vice president directly owned 327,676 shares of the company’s stock, valued at approximately $6,271,718.64. The trade was a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Torgow purchased 14,200 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $17.81 per share, for a total transaction of $252,902.00. Following the purchase, the director owned 943,341 shares in the company, valued at $16,800,903.21. This trade represents a 1.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 27,700 shares of company stock worth $540,401 and sold 33,285 shares worth $627,009. 0.89% of the stock is owned by insiders.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.