21,846 Shares in Huntington Bancshares Incorporated (NASDAQ:HBAN) Acquired by TCW Group Inc.

TCW Group Inc. bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,846 shares of the bank’s stock, valued at approximately $280,000.

A number of other institutional investors also recently added to or reduced their stakes in HBAN. Boston Partners lifted its holdings in Huntington Bancshares by 59.3% in the fourth quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock worth $593,408,000 after purchasing an additional 17,365,446 shares during the period. Norges Bank bought a new position in shares of Huntington Bancshares in the fourth quarter valued at approximately $206,703,000. Qube Research & Technologies Ltd bought a new position in shares of Huntington Bancshares in the third quarter valued at approximately $20,004,000. AQR Capital Management LLC increased its stake in shares of Huntington Bancshares by 1,652.2% during the third quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank’s stock valued at $18,786,000 after acquiring an additional 1,703,245 shares during the period. Finally, Barclays PLC raised its holdings in Huntington Bancshares by 31.6% during the third quarter. Barclays PLC now owns 5,395,974 shares of the bank’s stock worth $56,117,000 after purchasing an additional 1,296,978 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares news, VP Rajeev Syal sold 11,627 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $13.67, for a total value of $158,941.09. Following the transaction, the vice president now owns 329,607 shares in the company, valued at $4,505,727.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Rajeev Syal sold 11,627 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $13.67, for a total value of $158,941.09. Following the transaction, the vice president now owns 329,607 shares in the company, valued at $4,505,727.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,551 shares of company stock worth $2,834,671. Corporate insiders own 0.92% of the company’s stock.

Huntington Bancshares Trading Up 1.2 %

NASDAQ:HBAN opened at $13.74 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $14.30. The stock’s 50-day moving average is $13.67 and its two-hundred day moving average is $12.84. The stock has a market cap of $19.91 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HBAN. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $16.00 in a report on Monday, April 8th. Bank of America raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. Morgan Stanley restated an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a report on Monday, April 22nd. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods increased their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Huntington Bancshares Company 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 offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.