Point72 Asia Singapore Pte. Ltd. Buys Shares of 6,167 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 6,167 shares of the bank’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HBAN. Point72 Asset Management L.P. increased its stake in Huntington Bancshares by 194.8% in the second quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock valued at $42,226,000 after purchasing an additional 2,116,839 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Huntington Bancshares by 61.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 278,804 shares of the bank’s stock valued at $3,675,000 after buying an additional 105,915 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $3,203,000. Marshall Wace LLP acquired a new stake in Huntington Bancshares during the 2nd quarter worth $992,000. Finally, Interval Partners LP bought a new position in Huntington Bancshares during the second quarter worth about $10,289,000. 80.72% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Zachary Jacob Wasserman sold 33,000 shares of Huntington Bancshares stock in a transaction dated 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 transaction, the chief financial officer now owns 265,809 shares in the company, valued at $4,021,690.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction 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 completion of the transaction, the vice president now directly owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 33,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the transaction, the chief financial officer now directly owns 265,809 shares in the company, valued at $4,021,690.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HBAN. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Argus upped their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a research report on Thursday, June 27th. Finally, Robert W. Baird cut shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.59.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $14.64 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a 50 day moving average price of $14.39 and a 200 day moving average price of $13.78. The stock has a market capitalization of $21.22 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, beating 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 firm posted $0.35 EPS. Analysts predict that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed 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 of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.23%. Huntington Bancshares’s dividend payout ratio is presently 55.86%.

Huntington Bancshares Company 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.