Huntington Bancshares Incorporated $HBAN Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,184,163 shares of the bank’s stock after buying an additional 59,941 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Huntington Bancshares worth $18,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares during the second quarter valued at approximately $29,000. TD Waterhouse Canada Inc. grew its stake in shares of Huntington Bancshares by 90.7% in the third quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock worth $26,000 after acquiring an additional 800 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Huntington Bancshares in the second quarter worth $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Huntington Bancshares during the second quarter valued at $35,000. Finally, Livelsberger Financial Advisory bought a new position in Huntington Bancshares in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HBAN. JPMorgan Chase & Co. upped their target price on shares of Huntington Bancshares from $17.50 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Jefferies Financial Group decreased their target price on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, September 24th. Morgan Stanley cut shares of Huntington Bancshares from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $21.00 to $19.00 in a report on Friday, July 24th. Citigroup cut their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Finally, Zacks Research cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.89.

Huntington Bancshares Stock Down 0.9%

NASDAQ HBAN opened at $15.73 on Friday. Huntington Bancshares Incorporated has a 52 week low of $14.82 and a 52 week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $31.78 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. The stock’s 50-day moving average price is $15.77 and its 200-day moving average price is $16.61.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 18th will be given a $0.1550 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, December 18th. Huntington Bancshares’s payout ratio is presently 51.24%.

Insider Buying and Selling

In other Huntington Bancshares news, Director Gary Torgow bought 12,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was purchased at an average price of $15.73 per share, for a total transaction of $199,771.00. Following the completion of the transaction, the director owned 956,041 shares of the company’s stock, valued at $15,038,524.93. This trade represents a 1.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donnell White sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $15.87, for a total value of $47,610.00. Following the completion of the transaction, the senior vice president owned 23,697 shares of the company’s stock, valued at $376,071.39. The trade was a 11.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.67% of the stock is currently owned by company insiders.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.