AustralianSuper Pty Ltd Has $4.83 Million Holdings in Huntington Bancshares Incorporated $HBAN

AustralianSuper Pty Ltd lessened its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 35.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,593 shares of the bank’s stock after selling 154,631 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Huntington Bancshares were worth $4,829,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in shares of Huntington Bancshares by 5.0% during the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP increased its position in Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after buying an additional 35,574 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Huntington Bancshares by 23.0% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 14,784 shares of the bank’s stock worth $250,000 after buying an additional 2,766 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Huntington Bancshares by 249.8% in the second quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,921 shares during the period. Finally, Woodward Diversified Capital LLC grew its stake in shares of Huntington Bancshares by 82.3% in the second quarter. Woodward Diversified Capital LLC now owns 18,568 shares of the bank’s stock worth $311,000 after acquiring an additional 8,385 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Amit Dhingra sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $18.50, for a total value of $185,000.00. Following the transaction, the insider directly owned 155,634 shares in the company, valued at $2,879,229. The trade was a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the sale, the insider directly owned 71,566 shares of the company’s stock, valued at approximately $1,273,874.80. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 97,863 shares of company stock valued at $1,581,634. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HBAN. Morgan Stanley cut their target price on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, January 12th. Finally, Argus upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.26.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.29 on Friday. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The stock has a market cap of $27.23 billion, a P/E ratio of 12.44, a PEG ratio of 0.69 and a beta of 0.95. The company’s 50-day simple moving average is $17.43 and its 200 day simple moving average is $16.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.