Huntington Bancshares Incorporated $HBAN is Boston Partners’ 8th Largest Position

Boston Partners cut its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,871,408 shares of the bank’s stock after selling 4,431,545 shares during the period. Huntington Bancshares makes up 1.1% of Boston Partners’ portfolio, making the stock its 8th largest holding. Boston Partners’ holdings in Huntington Bancshares were worth $1,021,689,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Sagespring Wealth Partners LLC boosted its stake in shares of Huntington Bancshares by 2.4% during the 4th quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after purchasing an additional 587 shares during the period. MCF Advisors LLC lifted its holdings in Huntington Bancshares by 12.6% during the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after buying an additional 609 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock valued at $292,000 after buying an additional 694 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Huntington Bancshares by 0.4% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 189,963 shares of the bank’s stock valued at $3,296,000 after buying an additional 700 shares in the last quarter. Finally, Glenmede Investment Management LP lifted its holdings in Huntington Bancshares by 1.7% during the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock valued at $755,000 after buying an additional 728 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 1.8%

NASDAQ HBAN opened at $17.52 on Friday. The firm has a market cap of $35.52 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.78 and a beta of 0.94. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $16.29 and a 200 day moving average price of $16.83.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.21. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s payout ratio is currently 47.69%.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. DA Davidson decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 16th. Morgan Stanley decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group decreased their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Jefferies Financial Group lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, April 24th. One investment analyst has 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.10.

Insiders Place Their Bets

In other Huntington Bancshares news, Director James D. Rollins III acquired 4,798 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average cost of $20.30 per share, with a total value of $97,399.40. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at approximately $203,000. The trade was a 92.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have purchased 33,500 shares of company stock worth $617,542. 0.67% of the stock is currently owned by insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.