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.
WARNING: “Baird Financial Group Inc. Purchases 131,459 Shares of Huntington Bancshares Incorporated (HBAN)” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/12/03/baird-financial-group-inc-purchases-131459-shares-of-huntington-bancshares-incorporated-hban.html.
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).
Read More: Google Finance Portfolio
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.