MASTERINVEST Kapitalanlage GmbH Invests $2.05 Million in Huntington Bancshares Incorporated $HBAN

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 118,645 shares of the bank’s stock, valued at approximately $2,049,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Huntington Bancshares by 1.3% during the second quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock valued at $2,954,792,000 after purchasing an additional 2,343,244 shares during the period. Boston Partners boosted its stake in shares of Huntington Bancshares by 4.8% in the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after purchasing an additional 2,776,429 shares during the period. Invesco Ltd. grew its holdings in Huntington Bancshares by 1.8% during the 2nd quarter. Invesco Ltd. now owns 58,201,659 shares of the bank’s stock valued at $975,460,000 after purchasing an additional 1,015,066 shares in the last quarter. Geode Capital Management LLC increased its stake in Huntington Bancshares by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock worth $658,541,000 after buying an additional 640,852 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Huntington Bancshares by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 28,384,949 shares of the bank’s stock worth $475,558,000 after buying an additional 397,141 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 2,481 shares of Huntington Bancshares stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total value of $44,161.80. Following the completion of the transaction, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John C. Inglis purchased 6,506 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the transaction, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 97,863 shares of company stock valued at $1,581,634 over the last ninety days. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Zacks Research lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Keefe, Bruyette & Woods increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Finally, Wolfe Research restated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.03.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $18.24 on Friday. The stock has a market capitalization of $26.62 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.69 and a beta of 0.95. The business’s fifty day moving average price is $16.82 and its 200 day moving average price is $16.82. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.62.

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

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were paid a dividend of $0.155 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.4%. Huntington Bancshares’s dividend payout ratio is 43.36%.

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.