Macquarie Group Ltd. increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,019 shares of the bank's stock after purchasing an additional 6,968 shares during the period. Macquarie Group Ltd.'s holdings in Huntington Bancshares were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Huntington Bancshares by 91.9% in the 3rd quarter. Allworth Financial LP now owns 1,998 shares of the bank's stock worth $26,000 after purchasing an additional 957 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Huntington Bancshares by 149.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,573 shares of the bank's stock worth $34,000 after buying an additional 1,543 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Huntington Bancshares during the 2nd quarter worth approximately $36,000. Horan Securities Inc. raised its position in Huntington Bancshares by 111.3% during the 3rd quarter. Horan Securities Inc. now owns 3,087 shares of the bank's stock worth $41,000 after buying an additional 1,626 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in shares of Huntington Bancshares during the 1st quarter valued at approximately $45,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Get Huntington Bancshares alerts:Wall Street Analysts Forecast Growth
HBAN has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of Huntington Bancshares from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Huntington Bancshares to $17.50 in a research note on Wednesday, November 16th. JPMorgan Chase & Co. cut shares of Huntington Bancshares from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $15.50 to $14.50 in a research report on Tuesday, December 13th. Wolfe Research boosted their price target on shares of Huntington Bancshares from $13.00 to $14.00 in a research report on Thursday, December 1st. Finally, DA Davidson began coverage on shares of Huntington Bancshares in a research report on Tuesday, December 20th. They set a "neutral" rating and a $15.00 price target on the stock. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of "Hold" and a consensus price target of $15.60.
Huntington Bancshares Trading Down 2.7 %
NASDAQ HBAN opened at $13.37 on Friday. The firm has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $14.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.84 and a current ratio of 0.84. Huntington Bancshares Incorporated has a one year low of $11.67 and a one year high of $15.74. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.28 and a beta of 1.11.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 20th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, March 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.64%. Huntington Bancshares's dividend payout ratio (DPR) is 42.76%.
Insiders Place Their Bets
In other Huntington Bancshares news, Director David L. Porteous sold 80,000 shares of the business's stock in a transaction on Friday, January 27th. The shares were sold at an average price of $15.01, for a total value of $1,200,800.00. Following the completion of the transaction, the director now owns 62,845 shares in the company, valued at $943,303.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company's stock.
About Huntington Bancshares
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Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services.
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