546,051 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 546,051 shares of the bank’s stock, valued at approximately $5,881,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Huntington Bancshares by 11.8% in the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock worth $2,765,000 after purchasing an additional 19,959 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Huntington Bancshares in the 1st quarter worth about $315,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Huntington Bancshares by 309.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after purchasing an additional 7,558 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Huntington Bancshares by 40.9% in the 1st quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after purchasing an additional 30,296 shares during the last quarter. Finally, Aviva PLC increased its position in shares of Huntington Bancshares by 58.2% in the 1st quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after purchasing an additional 293,944 shares during the last quarter. Hedge funds and other institutional investors own 78.68% of the company’s stock.

Huntington Bancshares Trading Up 1.6 %

Huntington Bancshares stock opened at $11.08 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $10.23 and a two-hundred day moving average price of $10.71. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 6.11 and a beta of 1.11. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $15.74.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, October 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $1.82 billion. Huntington Bancshares had a net margin of 22.55% and a return on equity of 14.71%. During the same period in the previous year, the business posted $0.39 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.37 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th will be given a $0.155 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.62 dividend on an annualized basis and a yield of 5.60%. Huntington Bancshares’s dividend payout ratio (DPR) is 41.06%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 4,300 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $10.46, for a total value of $44,978.00. Following the sale, the insider now owns 595,514 shares of the company’s stock, valued at approximately $6,229,076.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America dropped their target price on shares of Huntington Bancshares from $13.00 to $11.00 in a research report on Tuesday, October 10th. Raymond James decreased their price target on shares of Huntington Bancshares from $15.00 to $13.00 and set a “strong-buy” rating for the company in a report on Monday, October 23rd. Stephens lifted their price target on shares of Huntington Bancshares from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, July 24th. Jefferies Financial Group decreased their price target on shares of Huntington Bancshares from $11.00 to $10.00 in a report on Tuesday, October 10th. Finally, DA Davidson lifted their price target on shares of Huntington Bancshares from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Huntington Bancshares has a consensus rating of “Hold” and an average price target of $12.30.

Huntington Bancshares 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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).