iSAM Funds UK Ltd Takes Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

iSAM Funds UK Ltd bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 122,333 shares of the bank's stock, valued at approximately $1,990,000. Huntington Bancshares comprises 1.5% of iSAM Funds UK Ltd's investment portfolio, making the stock its largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HBAN. Charles Schwab Investment Management Inc. lifted its position in Huntington Bancshares by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank's stock worth $1,056,353,000 after buying an additional 2,218,020 shares in the last quarter. Invesco Ltd. grew its stake in Huntington Bancshares by 4.6% in the 4th quarter. Invesco Ltd. now owns 52,599,986 shares of the bank's stock valued at $855,802,000 after buying an additional 2,310,502 shares during the last quarter. FMR LLC grew its position in Huntington Bancshares by 36.9% in the 4th quarter. FMR LLC now owns 32,479,039 shares of the bank's stock worth $528,434,000 after purchasing an additional 8,759,871 shares during the last quarter. Victory Capital Management Inc. grew its position in Huntington Bancshares by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 21,825,092 shares of the bank's stock worth $355,094,000 after purchasing an additional 1,506,606 shares during the last quarter. Finally, Norges Bank acquired a new stake in Huntington Bancshares in the 4th quarter worth $302,826,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Down 0.7%

Shares of HBAN stock traded down $0.11 during trading on Friday, reaching $15.32. The company's stock had a trading volume of 25,782,903 shares, compared to its average volume of 18,043,730. The business has a fifty day moving average price of $14.56 and a 200-day moving average price of $15.96. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market cap 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 Incorporated has a one year low of $11.92 and a one year high of $18.45.

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

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

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 given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Tuesday, June 17th. Huntington Bancshares's dividend payout ratio is presently 47.33%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 3,434 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $14.50, for a total transaction of $49,793.00. Following the sale, the insider now directly owns 66,847 shares of the company's stock, valued at approximately $969,281.50. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Helga Houston sold 42,345 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $14.72, for a total transaction of $623,318.40. Following the sale, the insider now directly owns 592,119 shares in the company, valued at $8,715,991.68. This trade represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,456 shares of company stock valued at $4,464,105 over the last 90 days. 0.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HBAN. 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. Cowen assumed coverage on shares of Huntington Bancshares in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. TD Cowen assumed coverage on shares of Huntington Bancshares in a research report on Thursday, May 15th. They set a "buy" rating and a $20.00 price target for the company. Royal Bank of Canada lowered their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Finally, Stephens restated an "equal weight" rating and set a $16.50 price objective on shares of Huntington Bancshares in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.83.

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.