Robeco Institutional Asset Management B.V. Acquires 55,865 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Robeco Institutional Asset Management B.V. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 40.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,984 shares of the bank’s stock after purchasing an additional 55,865 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Huntington Bancshares were worth $2,837,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in Huntington Bancshares by 251,152.2% in the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock worth $2,417,000 after buying an additional 173,295 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Huntington Bancshares by 53.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock valued at $22,577,000 after buying an additional 564,729 shares in the last quarter. Heritage Wealth Management Inc. purchased a new stake in shares of Huntington Bancshares in the 2nd quarter worth about $744,000. SG Americas Securities LLC grew its position in shares of Huntington Bancshares by 531.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock worth $15,166,000 after buying an additional 968,331 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Huntington Bancshares by 221.8% in the 1st quarter. Cetera Investment Advisers now owns 756,408 shares of the bank’s stock worth $10,552,000 after acquiring an additional 521,372 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HBAN. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a report on Friday, October 18th. DA Davidson upped their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. Citigroup raised their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Morgan Stanley raised their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.09.

Insider Buying and Selling

In other news, insider Helga Houston sold 6,455 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Stock Down 0.5 %

HBAN opened at $17.29 on Friday. The firm’s 50 day simple moving average is $15.09 and its two-hundred day simple moving average is $14.19. The company has a market capitalization of $25.12 billion, a PE ratio of 16.63, a PEG ratio of 3.56 and a beta of 1.03. Huntington Bancshares Incorporated has a 1-year low of $10.10 and a 1-year high of $17.54. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is 59.62%.

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.