Baird Financial Group Inc. Purchases 131,459 Shares of Huntington Bancshares Incorporated (HBAN)

Baird Financial Group Inc. raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 594,592 shares of the bank’s stock after acquiring an additional 131,459 shares during the quarter. Baird Financial Group Inc. owned 0.06% of Huntington Bancshares worth $8,877,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Columbia Asset Management acquired a new stake in shares of Huntington Bancshares during the third quarter worth approximately $103,000. NuWave Investment Management LLC grew its position in shares of Huntington Bancshares by 5,991.8% during the third quarter. NuWave Investment Management LLC now owns 8,894 shares of the bank’s stock worth $133,000 after buying an additional 8,748 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of Huntington Bancshares by 79.3% during the second quarter. Dupont Capital Management Corp now owns 9,657 shares of the bank’s stock worth $143,000 after buying an additional 4,270 shares in the last quarter. GAM Holding AG acquired a new stake in shares of Huntington Bancshares during the second quarter worth approximately $154,000. Finally, Donaldson Capital Management LLC acquired a new stake in shares of Huntington Bancshares during the third quarter worth approximately $172,000. 76.42% of the stock is owned by institutional investors.

Shares of HBAN opened at $14.59 on Monday. Huntington Bancshares Incorporated has a 12-month low of $13.13 and a 12-month high of $16.60. The firm has a market cap of $15.49 billion, a P/E ratio of 14.89, a PEG ratio of 0.82 and a beta of 1.26. 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 (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 13.73% and a net margin of 29.13%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 18th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.84%. The ex-dividend date is Monday, December 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 57.14%.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. Jefferies Financial Group raised 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. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, September 25th. Morgan Stanley reissued a “hold” rating and set a $17.50 price target (down previously from $17.75) on shares of Huntington Bancshares in a research report on Tuesday, September 18th. Finally, Vining Sparks reissued a “buy” rating and set a $19.00 price target on shares of Huntington Bancshares in a research report on Tuesday, October 9th. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Huntington Bancshares currently has a consensus rating of “Hold” and an average price target of $16.92.

In other Huntington Bancshares news, Director Kathleen H. Ransier sold 4,820 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $14.53, for a total value of $70,034.60. Following the sale, the director now directly owns 113,712 shares in the company, valued at $1,652,235.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 42,608 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $14.66, for a total value of $624,633.28. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

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About Huntington Bancshares

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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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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