Meiji Yasuda Asset Management Co Ltd. Has $1.78 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Meiji Yasuda Asset Management Co Ltd. lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 135,125 shares of the bank’s stock after purchasing an additional 30,225 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Huntington Bancshares were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in Huntington Bancshares in the 1st quarter valued at $29,000. Nemes Rush Group LLC raised its holdings in shares of Huntington Bancshares by 140.9% in the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in Huntington Bancshares during the 1st quarter worth about $30,000. Hazlett Burt & Watson Inc. grew its holdings in Huntington Bancshares by 695.5% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in Huntington Bancshares in the 1st quarter valued at about $40,000. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Argus increased their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Evercore ISI dropped their target price on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Morgan Stanley upped their price target on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.59.

Insider Transactions at Huntington Bancshares

In related news, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Kendall A. Kowalski sold 5,747 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the completion of the transaction, the insider now owns 65,899 shares in the company, valued at approximately $987,167.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now owns 69,595 shares in the company, valued at approximately $1,054,364.25. The disclosure for this sale can be found here. Insiders sold 116,622 shares of company stock valued at $1,762,904 over the last three months. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 2.7 %

NASDAQ:HBAN opened at $14.96 on Friday. The business’s 50-day simple moving average is $14.31 and its 200-day simple moving average is $13.72. Huntington Bancshares Incorporated has a fifty-two week low of $9.25 and a fifty-two week high of $15.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $21.68 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be issued a $0.155 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.14%. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

About Huntington Bancshares

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.