WINTON GROUP Ltd Buys Shares of 548,148 Huntington Bancshares Incorporated $HBAN

WINTON GROUP Ltd acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 548,148 shares of the bank’s stock, valued at approximately $9,187,000. Huntington Bancshares accounts for about 0.5% of WINTON GROUP Ltd’s holdings, making the stock its 28th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Huntington Bancshares in the second quarter worth $374,474,000. AQR Capital Management LLC boosted its stake in Huntington Bancshares by 274.9% during the first quarter. AQR Capital Management LLC now owns 10,758,669 shares of the bank’s stock valued at $157,292,000 after buying an additional 7,889,004 shares in the last quarter. Invesco Ltd. grew its stake in shares of Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after purchasing an additional 4,586,607 shares during the last quarter. Amundi lifted its stake in Huntington Bancshares by 26.2% during the first quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after purchasing an additional 4,576,432 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Huntington Bancshares during the first quarter worth approximately $50,078,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.2%

Huntington Bancshares stock opened at $16.90 on Monday. The company has a market capitalization of $24.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.63 and a beta of 0.96. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.03. The firm’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $16.49. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

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

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. Huntington Bancshares’s payout ratio is 43.36%.

Insider Activity

In related news, EVP Marcy C. Hingst sold 6,416 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $15.65, for a total value of $100,410.40. Following the completion of the transaction, the executive vice president directly owned 252,305 shares of the company’s stock, valued at $3,948,573.25. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares 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 sale, the insider owned 534,640 shares in the company, valued at $8,222,763.20. This represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HBAN. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. DA Davidson reissued a “buy” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Finally, Wall Street Zen downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

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.