Danica Pension Livsforsikringsaktieselskab Buys Shares of 469,016 Huntington Bancshares Incorporated $HBAN

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 469,016 shares of the bank’s stock, valued at approximately $7,340,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in Huntington Bancshares by 5.0% in the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after buying an additional 1,366 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Huntington Bancshares by 40.8% during the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after buying an additional 35,574 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Huntington Bancshares by 8.3% in the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock valued at $662,000 after acquiring an additional 3,023 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Huntington Bancshares by 6.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock valued at $3,674,000 after buying an additional 12,865 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Huntington Bancshares by 6.2% during the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock worth $11,859,000 after acquiring an additional 41,156 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. The trade was a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 33,500 shares of company stock worth $617,542 in the last ninety days. Insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Up 0.6%

Shares of NASDAQ HBAN opened at $18.27 on Thursday. The company’s 50 day moving average price is $17.05 and its 200-day moving average price is $16.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a market capitalization of $37.04 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.81 and a beta of 0.93.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping 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 company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays downgraded shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Morgan Stanley increased their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, June 29th. The Goldman Sachs Group lowered their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 6th. UBS Group lifted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Stephens started coverage on Huntington Bancshares in a research report on Monday, June 15th. They issued an “equal weight” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.

Get Our Latest Research Report on HBAN

About Huntington Bancshares

(Free Report)

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.

See Also

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

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