WBI Investments Inc. Acquires Shares of 242,052 Huntington Bancshares Incorporated (NASDAQ:HBAN)
WBI Investments Inc. acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 242,052 shares of the bank’s stock, valued at approximately $3,345,000.
A number of other hedge funds have also made changes to their positions in HBAN. Strategic Investment Advisors MI acquired a new stake in shares of Huntington Bancshares during the second quarter worth $159,000. State of Alaska Department of Revenue raised its holdings in shares of Huntington Bancshares by 2.2% during the second quarter. State of Alaska Department of Revenue now owns 314,847 shares of the bank’s stock worth $4,349,000 after acquiring an additional 6,638 shares during the period. AE Wealth Management LLC raised its holdings in shares of Huntington Bancshares by 142.9% during the second quarter. AE Wealth Management LLC now owns 52,749 shares of the bank’s stock worth $729,000 after acquiring an additional 31,032 shares during the period. Bessemer Group Inc. raised its holdings in shares of Huntington Bancshares by 6.9% during the second quarter. Bessemer Group Inc. now owns 5,882,934 shares of the bank’s stock worth $81,301,000 after acquiring an additional 378,815 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Huntington Bancshares by 13.8% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 37,000 shares of the bank’s stock valued at $512,000 after buying an additional 4,500 shares during the last quarter. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Huntington Bancshares stock traded up $0.20 during trading on Friday, hitting $14.61. 9,807,233 shares of the stock were exchanged, compared to its average volume of 8,176,025. The firm has a market cap of $15.08 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38. The stock has a fifty day moving average of $13.67. Huntington Bancshares Incorporated has a 1-year low of $11.12 and a 1-year high of $16.52. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.89.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be issued a dividend of $0.15 per share. This is an increase from Huntington Bancshares’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 4.11%. Huntington Bancshares’s payout ratio is presently 46.67%.
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets reiterated a “hold” rating on shares of Snc-Lavalin Group in a research note on Monday, July 8th. Macquarie set a $79.00 price target on shares of Alaska Air Group and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Argus lowered shares of Abercrombie & Fitch from a “buy” rating to a “hold” rating in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.73.
In other Huntington Bancshares news, EVP Mark E. Thompson sold 20,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $13.97, for a total value of $279,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Remiker sold 18,386 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $14.02, for a total transaction of $257,771.72. Following the completion of the sale, the executive vice president now directly owns 357,085 shares of the company’s stock, valued at approximately $5,006,331.70. The disclosure for this sale can be found here. Insiders have sold a total of 72,158 shares of company stock valued at $978,909 in the last ninety days. 1.22% of the stock is currently owned by insiders.
Huntington Bancshares Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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