Toronto Dominion Bank lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 688,806 shares of the bank’s stock after acquiring an additional 90,231 shares during the quarter. Toronto Dominion Bank’s holdings in Huntington Bancshares were worth $8,732,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Candriam Luxembourg S.C.A. increased its position in shares of Huntington Bancshares by 1.8% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 209,974 shares of the bank’s stock valued at $2,503,000 after purchasing an additional 3,624 shares during the last quarter. BB&T Corp increased its position in shares of Huntington Bancshares by 94.2% in the 4th quarter. BB&T Corp now owns 54,661 shares of the bank’s stock valued at $652,000 after purchasing an additional 26,512 shares during the last quarter. Claybrook Capital LLC purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $669,000. Thrivent Financial for Lutherans increased its position in shares of Huntington Bancshares by 11.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 7,819,659 shares of the bank’s stock valued at $93,210,000 after purchasing an additional 782,027 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Huntington Bancshares by 4.5% in the 3rd quarter. Nordea Investment Management AB now owns 362,555 shares of the bank’s stock valued at $5,407,000 after purchasing an additional 15,486 shares during the last quarter. Hedge funds and other institutional investors own 77.97% of the company’s stock.
In other Huntington Bancshares news, Director Kathleen H. Ransier sold 3,067 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total transaction of $43,858.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark E. Thompson sold 20,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $13.97, for a total transaction of $279,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,453 shares of company stock worth $581,030 over the last three months. 1.22% of the stock is currently owned by insiders.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Huntington Bancshares had a net margin of 26.24% and a return on equity of 14.20%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $0.28 EPS. Huntington Bancshares’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s payout ratio is currently 46.67%.
HBAN has been the topic of a number of recent analyst reports. Vining Sparks reissued a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research report on Thursday, January 24th. BidaskClub downgraded shares of Huntington Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. ValuEngine raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Finally, Jefferies Financial Group downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price on the stock. in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $16.10.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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