Nomura Holdings Inc. Makes New $779,000 Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Nomura Holdings Inc. purchased a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 47,860 shares of the bank's stock, valued at approximately $779,000.

Several other large investors have also recently added to or reduced their stakes in HBAN. Creative Capital Management Investments LLC lifted its holdings in Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after purchasing an additional 1,578 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after buying an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares during the fourth quarter worth $37,000. Transce3nd LLC bought a new stake in Huntington Bancshares in the fourth quarter worth $48,000. Finally, Asset Dedication LLC lifted its holdings in Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after purchasing an additional 1,260 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Scott D. Kleinman sold 69,088 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the transaction, the vice president now owns 453,129 shares of the company's stock, valued at $6,647,402.43. This trade represents a 13.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the sale, the chief financial officer now directly owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 312,456 shares of company stock worth $4,464,105. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective on the stock in a report on Friday, March 7th. Baird R W raised Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Jefferies Financial Group started coverage on Huntington Bancshares in a report on Wednesday. They set a "buy" rating and a $20.00 price objective for the company. Morgan Stanley cut their price objective on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Huntington Bancshares from a "hold" rating to a "buy" rating and set a $17.50 price objective for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.83.

Huntington Bancshares Stock Down 0.7%

NASDAQ HBAN traded down $0.11 during mid-day trading on Friday, hitting $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 firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.33 and a beta of 0.89. The company's 50 day simple moving average is $14.56 and its 200 day simple moving average is $15.95. Huntington Bancshares Incorporated has a twelve month low of $11.92 and a twelve month high of $18.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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 last year, the business 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 declared that its Board of Directors has initiated a share repurchase plan on Thursday, April 17th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the bank to buy up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Huntington Bancshares Announces Dividend

The company 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 dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.05%. Huntington Bancshares's dividend payout ratio (DPR) is presently 47.33%.

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.