Assenagon Asset Management S.A. Has $11.35 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Assenagon Asset Management S.A. boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 892,505 shares of the bank's stock after purchasing an additional 188,335 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of Huntington Bancshares worth $11,353,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its stake in shares of Huntington Bancshares by 2.3% during the third quarter. California Public Employees Retirement System now owns 2,794,810 shares of the bank's stock valued at $29,066,000 after acquiring an additional 62,674 shares in the last quarter. Comerica Bank bought a new position in shares of Huntington Bancshares during the third quarter worth about $5,261,000. Vest Financial LLC lifted its position in shares of Huntington Bancshares by 16.5% during the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank's stock worth $12,731,000 after purchasing an additional 141,410 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Huntington Bancshares by 199.6% during the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank's stock worth $3,893,000 after purchasing an additional 249,356 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Huntington Bancshares by 5.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 120,744 shares of the bank's stock worth $1,256,000 after purchasing an additional 5,740 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on HBAN. Morgan Stanley increased their price target on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 7th. UBS Group raised shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and raised their target price for the stock from $14.00 to $15.00 in a report on Wednesday, February 14th. Royal Bank of Canada raised their target price on shares of Huntington Bancshares from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Monday, December 18th. Evercore ISI raised their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Raymond James raised their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a "strong-buy" rating in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.72.

Huntington Bancshares Trading Up 1.2 %

NASDAQ HBAN traded up $0.16 on Friday, hitting $13.95. 15,288,092 shares of the stock were exchanged, compared to its average volume of 18,488,874. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $13.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 11.25 and a beta of 1.09. The company's 50-day moving average price is $13.03 and its two-hundred day moving average price is $11.81.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. The firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $1.75 billion. During the same period in the previous year, the company posted $0.43 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, March 15th. Huntington Bancshares's dividend payout ratio is currently 50.00%.

Insider Activity

In other news, Director Ann B. Crane sold 58,000 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Ann B. Crane sold 58,000 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Helga Houston sold 28,700 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the sale, the insider now owns 568,222 shares of the company's stock, valued at $7,483,483.74. The disclosure for this sale can be found here. Insiders have sold a total of 102,241 shares of company stock worth $1,360,359 in the last ninety days. Corporate 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.