MUFG Securities EMEA plc Acquires 370,487 Shares of Huntington Bancshares Incorporated $HBAN

MUFG Securities EMEA plc increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1,320.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 398,545 shares of the bank’s stock after purchasing an additional 370,487 shares during the period. MUFG Securities EMEA plc’s holdings in Huntington Bancshares were worth $6,915,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HBAN. Empowered Funds LLC grew its stake in shares of Huntington Bancshares by 5.0% in the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP grew its stake in shares of Huntington Bancshares by 40.8% in the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after purchasing an additional 35,574 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Huntington Bancshares by 8.3% in the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock worth $662,000 after purchasing an additional 3,023 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Huntington Bancshares by 6.2% during the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock valued at $3,674,000 after acquiring an additional 12,865 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Huntington Bancshares by 6.2% during the second quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock valued at $11,859,000 after acquiring an additional 41,156 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $16.36 on Monday. The firm’s 50-day moving average price is $16.05 and its 200-day moving average price is $16.77. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The firm has a market capitalization of $33.16 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.75 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is currently 47.69%.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 65,530 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $15.28, for a total value of $1,001,298.40. Following the sale, the vice president owned 481,676 shares in the company, valued at $7,360,009.28. This represents a 11.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James D. Rollins III bought 3,029 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $21.05 per share, for a total transaction of $63,760.45. Following the acquisition, the director directly owned 9,500 shares in the company, valued at $199,975. The trade was a 46.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 17,627 shares of company stock worth $333,188 in the last quarter. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HBAN. National Bank Financial set a $21.00 price target on shares of Huntington Bancshares in a research report on Wednesday, February 4th. Royal Bank Of Canada cut their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Evercore cut their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. cut their price target on shares of Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Profile

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.