UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,679,600 shares of the bank's stock after purchasing an additional 1,188,542 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.94% of Huntington Bancshares worth $222,567,000 as of its most recent SEC filing.

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

Huntington Bancshares Trading Up 2.5%

Shares of NASDAQ:HBAN traded up $0.39 during trading hours on Tuesday, hitting $15.71. 15,335,681 shares of the company's stock traded hands, compared to its average volume of 18,035,632. The firm has a market capitalization of $22.94 billion, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The business has a fifty day moving average price of $14.56 and a 200-day moving average price of $15.94. Huntington Bancshares Incorporated has a 1 year low of $11.92 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly 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. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $0.27 EPS. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced 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 3.95%. Huntington Bancshares's dividend payout ratio (DPR) is 47.33%.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Baird R W upgraded Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. TD Cowen started coverage on Huntington Bancshares in a research report on Thursday, May 15th. They set a "buy" rating and a $20.00 target price for the company. Raymond James restated a "strong-buy" rating and issued a $18.00 price target (down previously from $20.00) on shares of Huntington Bancshares in a research report on Monday, April 21st. Royal Bank of Canada decreased their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.83.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the transaction, the vice president now directly owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the sale, the chief financial officer now directly owns 335,538 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 312,456 shares of company stock valued at $4,464,105. 0.89% of the stock is currently owned by company insiders.

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.