LMR Partners LLP acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,684 shares of the bank’s stock, valued at approximately $282,000.
Several other hedge funds and other institutional investors also recently modified their holdings of HBAN. Boston Partners increased its holdings in shares of Huntington Bancshares by 54.3% during the 4th quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock valued at $589,451,000 after acquiring an additional 17,411,546 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Huntington Bancshares by 71,683.5% during the 4th quarter. Bessemer Group Inc. now owns 4,963,826 shares of the bank’s stock valued at $59,169,000 after acquiring an additional 4,956,911 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Huntington Bancshares by 6.3% during the 4th quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock valued at $879,523,000 after acquiring an additional 4,341,210 shares during the last quarter. Capital World Investors acquired a new position in shares of Huntington Bancshares during the 3rd quarter valued at about $31,742,000. Finally, Raymond James & Associates increased its holdings in shares of Huntington Bancshares by 49.5% during the 4th quarter. Raymond James & Associates now owns 6,027,065 shares of the bank’s stock valued at $71,843,000 after acquiring an additional 1,994,684 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.
HBAN opened at $13.75 on Friday. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. Huntington Bancshares Incorporated has a 12-month low of $11.12 and a 12-month high of $16.52.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.07%. Huntington Bancshares’s dividend payout ratio is currently 46.67%.
In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $13.71, for a total value of $822,600.00. Following the completion of the sale, the executive vice president now owns 356,615 shares in the company, valued at approximately $4,889,191.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen H. Ransier sold 3,067 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Insiders sold a total of 81,577 shares of company stock valued at $1,116,158 in the last quarter. Corporate insiders own 1.22% of the company’s stock.
A number of analysts have issued reports on the company. BidaskClub lowered Huntington Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a report on Monday, January 28th. Vining Sparks reaffirmed a “buy” rating and issued a $18.00 target price on shares of Huntington Bancshares in a report on Thursday, January 24th. Zacks Investment Research lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Finally, Sandler O’Neill lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, November 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Huntington Bancshares has a consensus rating of “Hold” and a consensus price target of $16.50.
Huntington Bancshares 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 operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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