International Assets Investment Management LLC Has $5.95 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

International Assets Investment Management LLC grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1,176.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,638 shares of the bank's stock after buying an additional 431,011 shares during the quarter. International Assets Investment Management LLC's holdings in Huntington Bancshares were worth $5,948,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Huntington Bancshares by 0.7% during the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank's stock worth $1,789,520,000 after purchasing an additional 1,209,264 shares in the last quarter. BlackRock Inc. lifted its position in shares of Huntington Bancshares by 0.5% during the first quarter. BlackRock Inc. now owns 137,586,195 shares of the bank's stock worth $1,540,965,000 after purchasing an additional 652,310 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Huntington Bancshares by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank's stock worth $468,725,000 after purchasing an additional 245,025 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Huntington Bancshares by 5.0% during the first quarter. Geode Capital Management LLC now owns 31,820,975 shares of the bank's stock worth $355,630,000 after purchasing an additional 1,516,892 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Huntington Bancshares by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 31,327,949 shares of the bank's stock valued at $350,873,000 after acquiring an additional 232,098 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HBAN. Keefe, Bruyette & Woods upped their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, April 5th. Barclays raised shares of Huntington Bancshares from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $12.00 to $15.00 in a report on Tuesday, January 2nd. JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, April 4th. UBS Group raised shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and upped their price target for the company from $14.00 to $15.00 in a report on Wednesday, February 14th. Finally, Morgan Stanley increased their target price on shares of Huntington Bancshares from $13.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of "Moderate Buy" and a consensus target price of $14.97.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded down $0.22 during trading on Tuesday, hitting $13.04. 18,830,846 shares of the stock were exchanged, compared to its average volume of 17,509,197. The stock's fifty day moving average is $13.22 and its 200 day moving average is $12.09. The stock has a market cap of $18.91 billion, a PE ratio of 10.52, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.15. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date was Friday, March 15th. This represents a $0.62 annualized dividend and a yield of 4.75%. Huntington Bancshares's payout ratio is 50.00%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the firm's stock in a transaction dated 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 owns 192,247 shares of the company's stock, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the transaction, the vice president now owns 303,455 shares of the company's stock, valued at approximately $3,847,809.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,241 shares of company stock valued at $1,360,359. Company insiders own 0.92% of the company's stock.

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.