Pacer Advisors Inc. Has $1.37 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Pacer Advisors Inc. lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 103,822 shares of the bank’s stock after acquiring an additional 4,541 shares during the quarter. Pacer Advisors Inc.’s holdings in Huntington Bancshares were worth $1,368,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Boston Partners increased its holdings in Huntington Bancshares by 20.4% in the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock worth $783,215,000 after buying an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Huntington Bancshares by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank’s stock valued at $236,640,000 after purchasing an additional 65,355 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after acquiring an additional 561,565 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Huntington Bancshares by 39.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock valued at $83,124,000 after buying an additional 1,838,019 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Huntington Bancshares by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank’s stock worth $85,940,000 after purchasing an additional 566,015 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now directly owns 69,595 shares in the company, valued at $1,054,364.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The disclosure for this sale can be found here. Insiders sold 116,622 shares of company stock valued at $1,762,904 over the last quarter. 0.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HBAN has been the subject of several analyst reports. Argus raised their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Bank of America upped their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a report on Thursday, June 27th. Morgan Stanley boosted their price objective on Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, UBS Group lowered their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.59.

Huntington Bancshares Stock Up 1.3 %

Shares of NASDAQ HBAN opened at $14.56 on Friday. The stock has a market capitalization of $21.15 billion, a P/E ratio of 13.12, a PEG ratio of 3.07 and a beta of 1.05. The stock’s fifty day moving average is $14.39 and its 200 day moving average is $13.76. 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 posted its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company 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. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, September 17th. Huntington Bancshares’s payout ratio is 55.86%.

Huntington Bancshares 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.