Commonwealth Bank of Australia Has $1.42 Million Stake in Huntington Bancshares Incorporated (HBAN)

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Commonwealth Bank of Australia lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,855 shares of the bank’s stock after purchasing an additional 21,907 shares during the period. Commonwealth Bank of Australia’s holdings in Huntington Bancshares were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HBAN. Cambridge Investment Research Advisors Inc. grew its stake in Huntington Bancshares by 0.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 246,456 shares of the bank’s stock valued at $2,938,000 after acquiring an additional 871 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Huntington Bancshares by 1.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 57,891 shares of the bank’s stock valued at $690,000 after acquiring an additional 885 shares in the last quarter. Wright Investors Service Inc. grew its stake in Huntington Bancshares by 2.0% during the fourth quarter. Wright Investors Service Inc. now owns 45,723 shares of the bank’s stock valued at $545,000 after acquiring an additional 894 shares in the last quarter. Fishman Jay A Ltd. MI grew its stake in Huntington Bancshares by 8.3% during the fourth quarter. Fishman Jay A Ltd. MI now owns 13,000 shares of the bank’s stock valued at $155,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake in Huntington Bancshares by 43.8% during the fourth quarter. Moody National Bank Trust Division now owns 4,191 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,276 shares in the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the stock. Raymond James raised their target price on shares of Huntington Bancshares from $15.50 to $16.00 and gave the company an “outperform” rating in a research note on Friday, November 16th. Sandler O’Neill cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Thursday, November 29th. They noted that the move was a valuation call. BidaskClub cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Jefferies Financial Group cut shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a research note on Monday, January 28th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.50.

Shares of NASDAQ:HBAN opened at $14.07 on Friday. Huntington Bancshares Incorporated has a 52 week low of $11.12 and a 52 week high of $16.52. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.87 and a quick ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Huntington Bancshares had a return on equity of 13.93% and a net margin of 26.43%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a $0.14 dividend. The ex-dividend date is Friday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.98%. Huntington Bancshares’s payout ratio is currently 46.67%.

In other news, Director Kathleen H. Ransier sold 3,067 shares of the firm’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $14.30, for a total value of $43,858.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Neumeyer sold 60,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $13.71, for a total transaction of $822,600.00. Following the completion of the sale, the executive vice president now owns 356,615 shares of the company’s stock, valued at approximately $4,889,191.65. The disclosure for this sale can be found here. Insiders sold a total of 81,577 shares of company stock valued at $1,116,158 over the last three months. Corporate insiders own 1.22% of the company’s stock.

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Huntington Bancshares Profile

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

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