Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Fairway Wealth LLC

Fairway Wealth LLC boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 23.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,018 shares of the bank’s stock after purchasing an additional 1,503 shares during the period. Fairway Wealth LLC’s holdings in Huntington Bancshares were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its stake in shares of Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after buying an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Huntington Bancshares by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank’s stock worth $236,640,000 after acquiring an additional 65,355 shares in the last quarter. Norges Bank bought a new stake in Huntington Bancshares in the fourth quarter valued at about $206,703,000. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after acquiring an additional 561,565 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Huntington Bancshares by 39.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock worth $83,124,000 after buying an additional 1,838,019 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 1.8 %

Huntington Bancshares stock opened at $14.64 on Tuesday. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 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 stock has a market cap of $21.22 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.90 and a beta of 1.05. The company’s fifty day simple moving average is $14.25 and its 200-day simple moving average is $13.70.

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

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio is 55.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HBAN shares. Citigroup upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Bank of America boosted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group cut their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Finally, Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.59.

Insider Transactions at Huntington Bancshares

In related news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the sale, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 value of $871,685.55. Following the completion of the sale, the vice president now directly owns 69,595 shares in the company, valued at approximately $1,054,364.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief financial officer now owns 265,809 shares in the company, valued at approximately $4,021,690.17. The disclosure for this sale can be found here. Insiders have sold a total of 116,622 shares of company stock worth $1,762,904 in the last 90 days. 0.89% of the stock is owned by insiders.

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.