International Assets Investment Management LLC Buys 1,145 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

International Assets Investment Management LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,509 shares of the bank’s stock after buying an additional 1,145 shares during the period. International Assets Investment Management LLC’s holdings in Huntington Bancshares were worth $173,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HBAN. National Bank of Canada FI increased its stake in Huntington Bancshares by 220.9% in the 4th quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank’s stock worth $59,661,000 after buying an additional 2,524,077 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Huntington Bancshares by 17.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank’s stock worth $13,832,000 after acquiring an additional 129,106 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth about $189,000. IFP Advisors Inc raised its stake in Huntington Bancshares by 120.6% during the 4th quarter. IFP Advisors Inc now owns 4,503 shares of the bank’s stock valued at $73,000 after purchasing an additional 2,462 shares during the period. Finally, Snyder Capital Management L P lifted its holdings in Huntington Bancshares by 19.5% in the 4th quarter. Snyder Capital Management L P now owns 3,097,034 shares of the bank’s stock worth $50,389,000 after purchasing an additional 505,278 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $16.60 on Friday. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a 50 day moving average price of $15.51 and a 200-day moving average price of $15.65. Huntington Bancshares Incorporated has a one year low of $11.92 and a one year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.94% and a return on equity of 11.44%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.62 annualized dividend and a yield of 3.73%. Huntington Bancshares’s payout ratio is 47.33%.

Huntington Bancshares declared that its Board of Directors has approved a share buyback program on Thursday, April 17th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the bank to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley dropped their price target on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Baird R W upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. cut their target price on shares of Huntington Bancshares from $18.50 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Jefferies Financial Group initiated coverage on shares of Huntington Bancshares in a research note on Wednesday, May 21st. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Argus set a $17.00 target price on Huntington Bancshares in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.08.

Insider Buying and Selling

In other news, insider Kendall A. Kowalski sold 3,434 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $14.50, for a total transaction of $49,793.00. Following the completion of the sale, the insider now directly owns 66,847 shares of the company’s stock, valued at approximately $969,281.50. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brantley J. Standridge sold 70,417 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $13.69, for a total transaction of $964,008.73. Following the completion of the transaction, the vice president now owns 326,456 shares in the company, valued at approximately $4,469,182.64. The trade was a 17.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,375 shares of company stock valued at $3,049,277 in the last ninety days. 0.89% of the stock is owned by company insiders.

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 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.