Brevan Howard Capital Management LP Has $13.34 Million Position in Huntington Bancshares Incorporated $HBAN

Brevan Howard Capital Management LP lessened its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 796,122 shares of the bank’s stock after selling 321,608 shares during the period. Brevan Howard Capital Management LP owned about 0.05% of Huntington Bancshares worth $13,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Huntington Bancshares by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock valued at $2,954,792,000 after acquiring an additional 2,343,244 shares in the last quarter. Boston Partners increased its position in shares of Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares during the period. Invesco Ltd. raised its stake in shares of Huntington Bancshares by 1.8% in the second quarter. Invesco Ltd. now owns 58,201,659 shares of the bank’s stock valued at $975,460,000 after purchasing an additional 1,015,066 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Huntington Bancshares by 1.7% in the second quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock valued at $658,541,000 after purchasing an additional 640,852 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Huntington Bancshares by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 28,384,949 shares of the bank’s stock worth $475,558,000 after purchasing an additional 397,141 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HBAN shares. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. lifted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, October 10th. Cowen reissued a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Finally, Citigroup lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.64.

Huntington Bancshares Trading Down 0.5%

Shares of Huntington Bancshares stock opened at $17.82 on Friday. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.03. The stock has a market capitalization of $26.01 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The company has a 50-day simple moving average of $16.07 and a 200 day simple moving average of $16.55. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Monday, December 1st. The bank reported $0.67 EPS for the quarter. The firm had revenue of $580.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s payout ratio is presently 43.36%.

Insider Buying and Selling

In related news, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the sale, the insider directly owned 534,640 shares of the company’s stock, valued at $8,222,763.20. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Inglis acquired 6,506 shares of Huntington Bancshares stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the purchase, the director owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This represents a 7.81% increase in their position. The SEC filing for this purchase provides additional information. 0.89% of the stock is owned by corporate 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.