Claro Advisors LLC Takes Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Claro Advisors LLC acquired a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,746 shares of the bank’s stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC grew its holdings in shares of Huntington Bancshares by 6.2% during the first quarter. Kingsview Wealth Management LLC now owns 20,364 shares of the bank’s stock valued at $284,000 after buying an additional 1,188 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Huntington Bancshares during the 1st quarter valued at $378,000. O Shaughnessy Asset Management LLC raised its stake in shares of Huntington Bancshares by 14.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 218,576 shares of the bank’s stock worth $3,049,000 after purchasing an additional 26,761 shares during the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Huntington Bancshares by 1,078.8% in the first quarter. UniSuper Management Pty Ltd now owns 65,315 shares of the bank’s stock worth $911,000 after purchasing an additional 59,774 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Huntington Bancshares by 21.2% during the first quarter. Bessemer Group Inc. now owns 17,241 shares of the bank’s stock valued at $241,000 after buying an additional 3,010 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on HBAN shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a report on Friday, October 18th. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley raised their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Argus increased their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, DA Davidson boosted their price target on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.09.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.80 on Tuesday. Huntington Bancshares Incorporated has a fifty-two week low of $10.73 and a fifty-two week high of $17.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $25.86 billion, a P/E ratio of 17.12, a PEG ratio of 3.53 and a beta of 1.03. The stock has a 50-day simple moving average of $15.45 and a two-hundred day simple moving average of $14.36.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the company posted $0.36 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.48%. Huntington Bancshares’s dividend payout ratio is presently 59.62%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,699 shares of company stock valued at $757,356. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Company Profile

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.