MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $4.15 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,787 shares of the bank's stock after acquiring an additional 21,334 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Huntington Bancshares were worth $4,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI lifted its stake in Huntington Bancshares by 220.9% in the fourth quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank's stock valued at $59,661,000 after buying an additional 2,524,077 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Huntington Bancshares by 17.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank's stock valued at $13,832,000 after purchasing an additional 129,106 shares during the period. Mediolanum International Funds Ltd purchased a new position in Huntington Bancshares in the 4th quarter valued at about $422,000. Donoghue Forlines LLC acquired a new stake in shares of Huntington Bancshares during the fourth quarter worth $1,460,000. Finally, Fisher Asset Management LLC acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $189,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.7%

NASDAQ HBAN traded down $0.11 during trading hours on Friday, reaching $15.32. 25,782,903 shares of the company's stock were exchanged, compared to its average volume of 18,043,730. Huntington Bancshares Incorporated has a one year low of $11.92 and a one year high of $18.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The company's 50-day moving average is $14.56 and its two-hundred day moving average is $15.95. The company has a market capitalization of $22.38 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.89 billion. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the previous year, the firm posted $0.27 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares's dividend payout ratio (DPR) is 47.33%.

Huntington Bancshares announced that its board has initiated a stock buyback program on Thursday, April 17th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the bank to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

HBAN has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Raymond James reissued a "strong-buy" rating and set a $18.00 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, April 21st. Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, March 7th. Finally, Stephens restated an "equal weight" rating and set a $16.50 price objective on shares of Huntington Bancshares in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $17.83.

Insiders Place Their Bets

In other news, VP Brendan A. Lawlor sold 3,521 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the sale, the vice president now directly owns 47,950 shares of the company's stock, valued at $731,237.50. This trade represents a 6.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 42,345 shares of Huntington Bancshares stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $14.72, for a total value of $623,318.40. Following the completion of the transaction, the insider now owns 592,119 shares in the company, valued at $8,715,991.68. This represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 312,456 shares of company stock valued at $4,464,105. Company insiders own 0.89% of the company's stock.

About Huntington Bancshares

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.