Louisiana State Employees Retirement System Invests $1.11 Million in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Louisiana State Employees Retirement System bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 87,600 shares of the bank's stock, valued at approximately $1,114,000.

Several other hedge funds have also recently made changes to their positions in the company. Boston Partners boosted its holdings in Huntington Bancshares by 33.0% in the 3rd quarter. Boston Partners now owns 29,277,030 shares of the bank's stock worth $304,439,000 after buying an additional 7,271,405 shares during the period. Victory Capital Management Inc. grew its position in shares of Huntington Bancshares by 23.7% in the third quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank's stock valued at $186,421,000 after purchasing an additional 3,438,552 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $20,004,000. AQR Capital Management LLC grew its holdings in Huntington Bancshares by 1,652.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank's stock valued at $18,786,000 after buying an additional 1,703,245 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Huntington Bancshares by 31.6% during the third quarter. Barclays PLC now owns 5,395,974 shares of the bank's stock valued at $56,117,000 after buying an additional 1,296,978 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Ann B. Crane sold 58,000 shares of the business's stock in a transaction dated Friday, March 8th. The stock was 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 in the company, valued at approximately $2,603,024.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Ann B. Crane sold 58,000 shares of the firm's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the completion of the sale, the director now owns 192,247 shares of the company's stock, valued at $2,603,024.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 28,700 shares of the business's stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total transaction of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares in the company, valued at $7,483,483.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,241 shares of company stock valued at $1,360,359. Insiders own 0.92% of the company's stock.

Huntington Bancshares Trading Up 1.0 %

Shares of NASDAQ HBAN traded up $0.13 during midday trading on Wednesday, reaching $13.76. The company had a trading volume of 12,659,506 shares, compared to its average volume of 17,826,553. The firm's fifty day moving average price is $13.33 and its 200-day moving average price is $12.22. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.88. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The stock has a market cap of $19.95 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Friday, June 14th. Huntington Bancshares's payout ratio is 55.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HBAN shares. Citigroup raised their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. Jefferies Financial Group raised Huntington Bancshares from a "hold" rating to a "buy" rating and raised their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. Morgan Stanley reissued an "overweight" rating and set a $16.00 price objective on shares of Huntington Bancshares in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.17.

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.