Acadian Asset Management LLC Has $426,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Acadian Asset Management LLC boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,391 shares of the bank’s stock after acquiring an additional 5,262 shares during the quarter. Acadian Asset Management LLC’s holdings in Huntington Bancshares were worth $426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBAN. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $29,000. Nemes Rush Group LLC increased its stake in shares of Huntington Bancshares by 140.9% in the 4th 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 period. YHB Investment Advisors Inc. bought a new stake in shares of Huntington Bancshares during the first quarter worth $30,000. Register Financial Advisors LLC acquired a new position in shares of Huntington Bancshares during the first quarter valued at $40,000. Finally, ORG Partners LLC boosted its holdings in Huntington Bancshares by 354.9% in the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after acquiring an additional 2,594 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 0.1 %

Huntington Bancshares stock opened at $14.56 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $9.25 and a twelve month high of $15.24. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $14.28 and a 200-day moving average of $13.71. The stock has a market capitalization of $21.10 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. During the same period in the prior year, the business earned $0.35 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

Insiders Place Their Bets

In other news, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the sale, the vice president now directly owns 11,111 shares in the company, valued at $167,331.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total transaction of $871,685.55. Following the transaction, the vice president now owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Brendan A. Lawlor sold 9,050 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock valued at $1,762,904 in the last quarter. 0.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Jefferies Financial Group reduced their price objective on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Evercore ISI dropped their target price on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Keefe, Bruyette & Woods reduced their price target on Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, July 9th. Finally, StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $15.59.

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.