New York Life Investment Management LLC Has $2.87 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

New York Life Investment Management LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,470 shares of the bank’s stock after buying an additional 1,465 shares during the period. New York Life Investment Management LLC’s holdings in Huntington Bancshares were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HBAN. Boston Partners grew its holdings in shares of Huntington Bancshares by 33.0% during the 3rd quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after purchasing an additional 7,271,405 shares in the last quarter. Victory Capital Management Inc. grew its stake in Huntington Bancshares by 23.7% during the third quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock worth $186,421,000 after buying an additional 3,438,552 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Huntington Bancshares in the 3rd quarter valued at about $20,004,000. AQR Capital Management LLC raised its position in shares of Huntington Bancshares by 1,652.2% in the 3rd quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank’s stock valued at $18,786,000 after buying an additional 1,703,245 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Huntington Bancshares by 31.6% during the 3rd quarter. Barclays PLC now owns 5,395,974 shares of the bank’s stock worth $56,117,000 after acquiring an additional 1,296,978 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.0 %

Shares of HBAN opened at $13.80 on Monday. The stock’s 50-day moving average price is $13.44 and its two-hundred day moving average price is $12.39. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The company has a market capitalization of $20.00 billion, a PE ratio of 12.43, a PEG ratio of 2.55 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the company earned $0.38 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Buying and Selling

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total transaction of $680,000.00. Following the transaction, the vice president now owns 385,409 shares in the company, valued at approximately $5,241,562.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders sold 208,381 shares of company stock valued at $2,814,291 over the last quarter. Insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Stephens reiterated an “equal weight” rating and issued a $15.00 price target on shares of Huntington Bancshares in a research note on Monday, April 22nd. Keefe, Bruyette & Woods upped their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

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.