American Century Companies Inc. Increases Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

American Century Companies Inc. boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,508,509 shares of the bank’s stock after purchasing an additional 207,328 shares during the period. American Century Companies Inc.’s holdings in Huntington Bancshares were worth $19,882,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in HBAN. Norges Bank acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $206,703,000. Boston Partners raised its stake in shares of Huntington Bancshares by 20.4% during the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after purchasing an additional 9,533,511 shares during the period. KBC Group NV lifted its position in shares of Huntington Bancshares by 715.0% during the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after purchasing an additional 3,729,974 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Huntington Bancshares by 832.7% in the first quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank’s stock valued at $46,927,000 after purchasing an additional 2,979,768 shares during the period. Finally, Scout Investments Inc. acquired a new stake in Huntington Bancshares during the 1st quarter valued at $35,428,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Huntington Bancshares from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating for the company in a report on Thursday, June 27th. Robert W. Baird lowered Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday, July 26th. Bank of America upped their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, StockNews.com lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.59.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at approximately $167,331.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total transaction of $169,545.76. Following the sale, the insider now owns 618,832 shares in the company, valued at approximately $9,294,856.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the completion of the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,622 shares of company stock valued at $1,762,904. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $14.96 on Friday. The stock has a market cap of $21.68 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 12 month low of $9.25 and a 12 month high of $15.24. The stock’s 50 day moving average price is $14.31 and its 200 day moving average price is $13.72.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm posted $0.35 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.19 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 annualized dividend and a yield of 4.14%. Huntington Bancshares’s dividend payout ratio (DPR) 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.