Stratos Wealth Partners LTD. grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,904 shares of the bank’s stock after acquiring an additional 4,028 shares during the period. Stratos Wealth Partners LTD.’s holdings in Huntington Bancshares were worth $3,221,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Boston Partners lifted its position in shares of Huntington Bancshares by 2.2% during the second quarter. Boston Partners now owns 30,774,781 shares of the bank’s stock worth $454,236,000 after purchasing an additional 648,176 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Huntington Bancshares by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 12,392,637 shares of the bank’s stock worth $182,931,000 after purchasing an additional 363,049 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Huntington Bancshares by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 8,572,871 shares of the bank’s stock worth $126,536,000 after purchasing an additional 61,039 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Huntington Bancshares by 5.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,394,784 shares of the bank’s stock worth $110,331,000 after purchasing an additional 408,719 shares during the last quarter. Finally, Miller Howard Investments Inc. NY lifted its position in shares of Huntington Bancshares by 0.6% during the third quarter. Miller Howard Investments Inc. NY now owns 5,126,940 shares of the bank’s stock worth $76,494,000 after purchasing an additional 31,245 shares during the last quarter. Institutional investors own 73.99% of the company’s stock.
HBAN has been the topic of several research analyst reports. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $16.50 price target on shares of Huntington Bancshares in a research report on Thursday, July 26th. Jefferies Financial Group increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, August 4th. Finally, Vining Sparks reissued a “buy” rating and issued a $19.00 target price on shares of Huntington Bancshares in a report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.13.
Shares of NASDAQ HBAN opened at $14.66 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 52-week low of $13.04 and a 52-week high of $16.60. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a net margin of 29.13% and a return on equity of 13.73%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.25 earnings per share. Huntington Bancshares’s revenue was up 4.6% on a year-over-year basis. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Tuesday, December 18th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, December 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.82%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 57.14%.
In other Huntington Bancshares news, CEO Stephen D. Steinour purchased 17,493 shares of the business’s stock in a transaction dated Thursday, October 25th. The shares were bought at an average price of $13.48 per share, with a total value of $235,805.64. Following the completion of the acquisition, the chief executive officer now owns 4,768,399 shares in the company, valued at approximately $64,278,018.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Howell D. Mccullough III sold 68,777 shares of Huntington Bancshares stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $16.17, for a total value of $1,112,124.09. Following the sale, the chief financial officer now directly owns 720,413 shares in the company, valued at approximately $11,649,078.21. The disclosure for this sale can be found here. Insiders own 1.05% of the company’s stock.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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