Toronto Dominion Bank boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 369,480 shares of the bank’s stock after buying an additional 74,932 shares during the quarter. Toronto Dominion Bank’s holdings in Huntington Bancshares were worth $4,994,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of HBAN. Sun Life Financial INC lifted its holdings in shares of Huntington Bancshares by 99,812.5% in the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock worth $108,000 after buying an additional 7,985 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Huntington Bancshares in the second quarter worth $134,000. Verition Fund Management LLC purchased a new position in shares of Huntington Bancshares in the second quarter worth $139,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Huntington Bancshares by 8.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock worth $140,000 after buying an additional 834 shares in the last quarter. Finally, Foster & Motley Inc. lifted its holdings in shares of Huntington Bancshares by 2.2% in the second quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock worth $142,000 after buying an additional 224 shares in the last quarter. 74.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) traded up 0.22% on Friday, reaching $13.94. 8,316,092 shares of the company’s stock traded hands. The firm’s 50 day moving average is $13.60 and its 200 day moving average is $13.17. Huntington Bancshares Incorporated has a 52 week low of $10.07 and a 52 week high of $14.74. The firm has a market capitalization of $15.19 billion, a P/E ratio of 19.31 and a beta of 1.38.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. During the same quarter in the previous year, the business posted $0.11 EPS. Analysts expect that Huntington Bancshares Incorporated will post $0.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be issued a $0.11 dividend. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.16%. Huntington Bancshares’s dividend payout ratio (DPR) is 39.51%.
In related news, EVP Nicholas G. Stanutz sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $12.71, for a total value of $203,360.00. Following the sale, the executive vice president now owns 447,722 shares of the company’s stock, valued at approximately $5,690,546.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
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A number of equities research analysts recently issued reports on HBAN shares. FBR & Co reaffirmed a “hold” rating and set a $14.00 price target on shares of Huntington Bancshares in a research note on Thursday. Nomura upped their price target on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets downgraded shares of Huntington Bancshares from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a research note on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and set a $15.50 price target on shares of Huntington Bancshares in a research note on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.22.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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