29,519 Shares in Huntington Bancshares Incorporated $HBAN Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired a new stake in Huntington Bancshares Incorporated, purchasing 29,519 shares valued at approximately $443,000.
• Several hedge funds significantly increased their positions in Huntington Bancshares during the first quarter, with AQR Capital Management raising its stake by 274.9%.
• Huntington Bancshares announced a quarterly dividend of $0.155 per share, representing an annualized dividend yield of 3.5%.

Caxton Associates LLP bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 29,519 shares of the bank's stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HBAN. Focus Partners Wealth boosted its holdings in shares of Huntington Bancshares by 4.5% in the 4th quarter. Focus Partners Wealth now owns 139,207 shares of the bank's stock worth $2,265,000 after purchasing an additional 5,956 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of Huntington Bancshares by 28.9% in the 4th quarter. Gotham Asset Management LLC now owns 22,263 shares of the bank's stock worth $362,000 after purchasing an additional 4,997 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Huntington Bancshares by 7.0% in the 4th quarter. Janus Henderson Group PLC now owns 222,753 shares of the bank's stock worth $3,628,000 after purchasing an additional 14,586 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Huntington Bancshares by 9.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 254,787 shares of the bank's stock worth $4,145,000 after purchasing an additional 21,334 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of Huntington Bancshares by 19.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 60,424 shares of the bank's stock worth $983,000 after purchasing an additional 10,032 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HBAN. DA Davidson lifted their target price on Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Jefferies Financial Group boosted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Raymond James Financial reissued a "strong-buy" rating and set a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Finally, Wolfe Research raised shares of Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 target price for the company in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.79.

Huntington Bancshares Stock Down 1.1%

Shares of HBAN stock traded down $0.20 during mid-day trading on Tuesday, hitting $17.43. The stock had a trading volume of 26,058,044 shares, compared to its average volume of 25,746,771. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The firm has a market capitalization of $25.43 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96. The firm's 50-day moving average is $17.00 and its two-hundred day moving average is $15.80. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio is currently 45.93%.

Huntington Bancshares 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.