California Public Employees Retirement System raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,146,111 shares of the bank’s stock after purchasing an additional 79,713 shares during the period. California Public Employees Retirement System owned about 0.29% of Huntington Bancshares worth $43,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HBAN. Wetherby Asset Management Inc. grew its holdings in Huntington Bancshares by 6.1% in the second quarter. Wetherby Asset Management Inc. now owns 18,091 shares of the bank’s stock valued at $245,000 after purchasing an additional 1,047 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Huntington Bancshares by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,902,898 shares of the bank’s stock valued at $66,288,000 after purchasing an additional 229,192 shares during the period. Wedge Capital Management L L P NC grew its holdings in Huntington Bancshares by 8.7% in the second quarter. Wedge Capital Management L L P NC now owns 80,024 shares of the bank’s stock valued at $1,082,000 after purchasing an additional 6,407 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Huntington Bancshares by 4.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 80,944 shares of the bank’s stock valued at $1,147,000 after purchasing an additional 3,219 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Huntington Bancshares by 6.9% in the second quarter. Advisors Asset Management Inc. now owns 189,071 shares of the bank’s stock valued at $2,556,000 after purchasing an additional 12,167 shares during the period. 73.77% of the stock is currently owned by institutional investors.

In related news, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total transaction of $199,844.01. Following the transaction, the insider now owns 499,824 shares in the company, valued at $6,882,576.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the transaction, the executive vice president now owns 427,270 shares in the company, valued at approximately $5,930,507.60. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of analysts have recently issued reports on HBAN shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research note on Friday, September 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.50 price target on shares of Huntington Bancshares in a research note on Tuesday, October 17th. Nomura lifted their price target on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.25 price target on shares of Huntington Bancshares in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.63.

Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $14.44 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a market capitalization of $15,760.19, a P/E ratio of 15.19, a PEG ratio of 1.66 and a beta of 1.33. Huntington Bancshares Incorporated has a 12 month low of $12.14 and a 12 month high of $14.93.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.11 EPS. research analysts predict that Huntington Bancshares Incorporated will post 0.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a dividend of $0.11 per share. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 dividend on an annualized basis and a yield of 3.05%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 39.51%.

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Huntington Bancshares Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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