Daiwa Securities Group Inc. Has $2.09 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Daiwa Securities Group Inc. lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,221 shares of the bank’s stock after purchasing an additional 14,909 shares during the period. Daiwa Securities Group Inc.’s holdings in Huntington Bancshares were worth $2,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HBAN. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares during the first quarter worth $29,000. Nemes Rush Group LLC raised its position in shares of Huntington Bancshares by 140.9% during the fourth quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock worth $30,000 after purchasing an additional 1,391 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Huntington Bancshares during the first quarter worth $30,000. Register Financial Advisors LLC acquired a new position in Huntington Bancshares during the first quarter valued at $40,000. Finally, ORG Partners LLC raised its position in Huntington Bancshares by 354.9% during the second quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock valued at $44,000 after buying an additional 2,594 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HBAN shares. Baird R W lowered Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Evercore ISI dropped their price target on Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Jefferies Financial Group dropped their price target on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada upped their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.59.

Huntington Bancshares Stock Performance

HBAN opened at $14.38 on Friday. The company has a market cap of $20.89 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The stock has a 50-day moving average of $14.21 and a 200-day moving average of $13.68. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $15.24. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.31%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Transactions at Huntington Bancshares

In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief financial officer now owns 265,809 shares in the company, valued at approximately $4,021,690.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the sale, the chief financial officer now owns 265,809 shares of the company’s stock, valued at approximately $4,021,690.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,622 shares of company stock worth $1,762,904. 0.89% of the stock is owned by corporate 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.