Daiwa Securities Group Inc. Raises Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Daiwa Securities Group Inc. lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 25.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,277 shares of the bank’s stock after purchasing an additional 41,056 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Huntington Bancshares were worth $2,929,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HBAN. Larson Financial Group LLC grew its stake in shares of Huntington Bancshares by 8.4% in the 3rd quarter. Larson Financial Group LLC now owns 168,086 shares of the bank’s stock worth $2,471,000 after buying an additional 12,957 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in Huntington Bancshares by 17.0% during the third quarter. Kingsview Wealth Management LLC now owns 25,673 shares of the bank’s stock worth $377,000 after acquiring an additional 3,727 shares during the last quarter. Cerity Partners LLC raised its position in Huntington Bancshares by 26.6% during the third quarter. Cerity Partners LLC now owns 1,065,856 shares of the bank’s stock valued at $15,668,000 after purchasing an additional 223,624 shares during the period. GenTrust LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter valued at approximately $150,000. Finally, Camden National Bank purchased a new position in shares of Huntington Bancshares in the 3rd quarter worth approximately $287,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 0.8 %

Shares of NASDAQ HBAN opened at $18.00 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $18.44. The stock’s fifty day simple moving average is $15.86 and its two-hundred day simple moving average is $14.53. The stock has a market capitalization of $26.15 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 3.63 and a beta of 1.03. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the previous year, the business posted $0.36 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.44%. Huntington Bancshares’s payout ratio is 59.62%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HBAN shares. Morgan Stanley raised their price target on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays upped their price target on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, October 18th. DA Davidson upped their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.62.

Insider Buying and Selling

In other news, insider Helga Houston sold 6,455 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 in the last ninety days. 0.92% of the stock is owned by 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.