Boston Partners Purchases 17,365,446 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Boston Partners lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 59.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,642,476 shares of the bank's stock after purchasing an additional 17,365,446 shares during the period. Huntington Bancshares accounts for approximately 0.8% of Boston Partners' holdings, making the stock its 23rd largest holding. Boston Partners owned about 3.22% of Huntington Bancshares worth $593,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. raised its holdings in shares of Huntington Bancshares by 5.8% in the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank's stock valued at $196,000 after purchasing an additional 837 shares during the last quarter. Blue Trust Inc. boosted its stake in Huntington Bancshares by 12.0% in the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank's stock valued at $108,000 after purchasing an additional 904 shares during the period. Hexagon Capital Partners LLC grew its holdings in Huntington Bancshares by 23.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 5,021 shares of the bank's stock valued at $64,000 after buying an additional 949 shares in the last quarter. Baker Avenue Asset Management LP increased its position in Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank's stock worth $42,000 after buying an additional 963 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of Huntington Bancshares by 8.9% during the third quarter. Ausdal Financial Partners Inc. now owns 12,217 shares of the bank's stock worth $127,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares in the company, valued at $4,178,375.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares in the company, valued at $4,178,375.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Rajeev Syal sold 11,627 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $13.67, for a total value of $158,941.09. Following the completion of the sale, the vice president now owns 329,607 shares in the company, valued at $4,505,727.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 224,092 shares of company stock worth $3,031,731. Insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

NASDAQ HBAN traded up $0.04 during trading on Friday, hitting $14.06. 11,707,535 shares of the company's stock were exchanged, compared to its average volume of 15,592,894. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market cap of $20.38 billion, a PE ratio of 12.67, a P/E/G ratio of 2.60 and a beta of 1.09. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.10. The stock's 50 day moving average price is $13.54 and its two-hundred day moving average price is $12.56.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares's dividend payout ratio (DPR) is currently 55.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HBAN. Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, April 5th. DA Davidson upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating and boosted their price target for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. Evercore ISI raised their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. UBS Group upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating and upped their target price for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.