Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Wolff Wiese Magana LLC

by · The Markets Daily

Wolff Wiese Magana LLC grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,813 shares of the bank’s stock after acquiring an additional 2,074 shares during the period. Huntington Bancshares comprises about 1.6% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 21st biggest holding. Wolff Wiese Magana LLC’s holdings in Huntington Bancshares were worth $2,372,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in Huntington Bancshares by 19.4% in the second quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock worth $426,000 after purchasing an additional 5,262 shares in the last quarter. Choreo LLC bought a new position in Huntington Bancshares in the second quarter worth about $428,000. American Century Companies Inc. lifted its holdings in Huntington Bancshares by 15.9% in the second quarter. American Century Companies Inc. now owns 1,508,509 shares of the bank’s stock worth $19,882,000 after acquiring an additional 207,328 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Huntington Bancshares by 43.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 839,162 shares of the bank’s stock worth $10,667,000 after acquiring an additional 252,916 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock worth $208,346,000 after acquiring an additional 561,565 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 3.1 %

Huntington Bancshares stock opened at $17.11 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 12 month low of $12.02 and a 12 month high of $18.44. The company’s fifty day simple moving average is $17.07 and its 200-day simple moving average is $15.38. The stock has a market cap of $24.86 billion, a P/E ratio of 16.45, a P/E/G ratio of 3.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th were given a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.62%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insider Activity

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares of the company’s stock, valued at $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 ninety days, insiders have sold 43,699 shares of company stock worth $757,356. Company insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HBAN. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Keefe, Bruyette & Woods lifted their price target on Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Barclays lifted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Citigroup boosted their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.76.

Check Out Our Latest Report on HBAN

About Huntington Bancshares

(Free Report)

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.

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