Advisory Services Network LLC Buys 18,782 Shares of Huntington Bancshares Incorporated (HBAN)

Advisory Services Network LLC grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5,524.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,122 shares of the bank’s stock after acquiring an additional 18,782 shares during the quarter. Advisory Services Network LLC’s holdings in Huntington Bancshares were worth $278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Signition LP acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $171,000. Toronto Dominion Bank increased its stake in shares of Huntington Bancshares by 12.8% in the 4th quarter. Toronto Dominion Bank now owns 466,158 shares of the bank’s stock worth $6,786,000 after acquiring an additional 52,812 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Huntington Bancshares by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,756,634 shares of the bank’s stock worth $214,857,000 after purchasing an additional 641,856 shares during the last quarter. Advisory Research Inc. increased its position in shares of Huntington Bancshares by 17.0% during the 4th quarter. Advisory Research Inc. now owns 53,548 shares of the bank’s stock worth $780,000 after purchasing an additional 7,766 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Huntington Bancshares by 19.6% during the 4th quarter. Wells Fargo & Company MN now owns 4,610,414 shares of the bank’s stock worth $67,128,000 after purchasing an additional 754,308 shares during the last quarter. 74.09% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on HBAN. BMO Capital Markets reissued a “hold” rating and set a $18.00 price objective on shares of Huntington Bancshares in a research report on Wednesday, January 24th. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Zacks Investment Research downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Sandler O’Neill reissued a “buy” rating and set a $18.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, January 23rd. Finally, ValuEngine downgraded Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Ten investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.75.

Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $15.73 on Friday. The firm has a market capitalization of $17,000.00, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 52-week low of $12.14 and a 52-week high of $16.53.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same period in the previous year, the company posted $0.18 EPS. equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s dividend payout ratio is currently 27.59%.

COPYRIGHT VIOLATION NOTICE: “Advisory Services Network LLC Buys 18,782 Shares of Huntington Bancshares Incorporated (HBAN)” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://stocknewstimes.com/2018/02/23/advisory-services-network-llc-buys-18782-shares-of-huntington-bancshares-incorporated-hban.html.

Huntington Bancshares Company Profile

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.

Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN).

Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply