Dimensional Fund Advisors LP owned approximately 1.05% of Huntington Bancshares worth $155,313,000 at the end of the most recent reporting period. Cleararc Capital Inc. grew its position in Huntington Bancshares by 0.7% in the first quarter. The stock has $1.09B outstanding shares. Teachers Advisors LLC now owns 5,953,834 shares of the bank's stock valued at $80,496,000 after buying an additional 373,283 shares during the period. It has a Return on Investment (ROI) of 1.20% and a gross margin of 71.80%. Algebris Investments UK LLP now owns 567,800 shares of the bank's stock worth $7,603,000 after buying an additional 488,700 shares in the last quarter. Over the last three months, the shares of the company have changed 4.18% and performed 1.74% over the last six months. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday.
In other Huntington Bancshares news, EVP Nicholas G. Stanutz sold 16,000 shares of Huntington Bancshares stock in a transaction dated Wednesday, August 23rd. The total value of these holdings, in millions, is $11,086. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In this case performance of tends to percentage rate of return for a stock for a given time frame. Keefe, Bruyette & Woods set a $14.00 target price on Huntington Bancshares and gave the company a hold rating in a report on Monday, April 3rd.
The company is trading up by 2.23% percent from yesterday's close. The disclosure for this purchase can be found here.
WARNING: This report was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another domain, it was illegally copied and reposted in violation of USA & global trademark and copyright law. That's a potential 8.07 gain from where (NASDAQ:HBAN) has been trading recently.
Huntington Bancshares Incorporated (NASDAQ:HBAN) in the last month has increased +9.21%. Looking at a shorter time period, shares have been seen -0.14% away from the 50 day high and 14.42% off the 50 day low price. Bp Public Ltd Company holds 0.06% or 128,000 shares in its portfolio. Retail Bank Of Stockton reported 0.32% stake. During the same quarter in the previous year, the company posted $0.19 EPS.
Among 26 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 14 have Buy rating, 0 Sell and 12 Hold.
Huntington Bancshares Incorporated (NASDAQ:HBAN)
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Richard Bernstein Limited Liability Com has 0.58% invested in General Electric Company (NYSE:GE) for 282,069 shares. This represents a $0.32 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, September 15th. Huntington Bancshares's dividend payout ratio (DPR) is now 47.06%.
Huntington Bancshares declared that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $308.00 million in shares. This buyback authorization permits the bank to reacquire up to 2.2% of its shares through open market purchases.
Taking a look at some additional technical indicators, we see that now Huntington Bancshares Inc (HBANP)'s Williams Percent Range or 14 day Williams %R is resting at -10.84. There are brokerage firms with lower targets than the average, including one setting a price target of $57. JMP Securities assumed coverage on shares of Huntington Bancshares in a report on Thursday, August 31st. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.
According to Zacks, "Huntington's shares outperformed the Zacks categorized Midwest Banks industry, over the last six months". Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 21%.
Past 5 years growth of HBAN observed at 3.60%, and for the next five years the analysts that follow this company is expecting its growth at 9.80%. The stock presently has an average rating of "Buy" and an average target price of $15.01. Alaska-based State Of Alaska Department Of Revenue has invested 0.06% in Huntington Bancshares Incorporated (NASDAQ:HBAN).
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services.