Nomura Asset Management Co. Ltd. Purchases 25,907 Shares of Huntington Bancshares Incorporated $HBAN

Nomura Asset Management Co. Ltd. increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 501,417 shares of the bank’s stock after purchasing an additional 25,907 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Huntington Bancshares were worth $8,404,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Huntington Bancshares by 28.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 1,226,978 shares of the bank’s stock worth $20,564,000 after purchasing an additional 269,813 shares during the period. MTM Investment Management LLC bought a new stake in Huntington Bancshares during the 2nd quarter valued at $25,000. Rockefeller Capital Management L.P. increased its stake in Huntington Bancshares by 7.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 172,349 shares of the bank’s stock valued at $2,889,000 after purchasing an additional 12,529 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Huntington Bancshares by 17.9% during the second quarter. Kingsview Wealth Management LLC now owns 29,779 shares of the bank’s stock worth $499,000 after buying an additional 4,512 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of Huntington Bancshares by 18.8% in the second quarter. Citizens Financial Group Inc. RI now owns 13,832 shares of the bank’s stock valued at $234,000 after buying an additional 2,192 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling

In other Huntington Bancshares 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 sale, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Inglis bought 6,506 shares of the stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the purchase, the director owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on HBAN. JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Morgan Stanley lifted their price target on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Jefferies Financial Group lowered their price objective on Huntington Bancshares from $20.00 to $19.00 in a research note on Monday, November 3rd. Keefe, Bruyette & Woods raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Finally, Zacks Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.66.

Huntington Bancshares Trading Down 0.4%

NASDAQ HBAN opened at $15.32 on Friday. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.66 and a beta of 1.01. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The business’s fifty day moving average is $16.28 and its 200-day moving average is $16.42.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million during the quarter. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 43.36%.

About Huntington Bancshares

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.