Duality Advisers LP Invests $573,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Duality Advisers LP purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,019 shares of the bank’s stock, valued at approximately $573,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Huntington Bancshares by 0.7% during the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock worth $1,789,520,000 after buying an additional 1,209,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Huntington Bancshares by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock worth $468,725,000 after purchasing an additional 245,025 shares during the period. Boston Partners lifted its position in Huntington Bancshares by 33.0% in the third 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 during the period. Victory Capital Management Inc. boosted 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. Finally, Northern Trust Corp increased its holdings in Huntington Bancshares by 5.5% in the 3rd quarter. Northern Trust Corp now owns 14,273,987 shares of the bank’s stock valued at $148,449,000 after buying an additional 744,443 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on HBAN. Royal Bank of Canada raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Evercore ISI increased their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 15,948 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $13.47, for a total value of $214,819.56. Following the transaction, the insider now owns 21,102 shares in the company, valued at $284,243.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the sale, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 15,948 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $13.47, for a total transaction of $214,819.56. Following the completion of the transaction, the insider now owns 21,102 shares in the company, valued at $284,243.94. The disclosure for this sale can be found here. Insiders sold a total of 198,189 shares of company stock worth $2,664,978 over the last 90 days. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Down 1.3 %

Shares of NASDAQ:HBAN opened at $13.58 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. The firm has a market cap of $19.66 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.53 and a beta of 1.11. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07. The company’s 50-day moving average price is $13.35 and its two-hundred day moving average price is $12.23.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.62 annualized dividend and a dividend yield of 4.57%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

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.