Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 71.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 386,516 shares of the bank's stock after selling 977,124 shares during the quarter. AMF Tjanstepension AB's holdings in Huntington Bancshares were worth $6,320,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after buying an additional 702 shares during the last quarter. Lantz Financial LLC raised its position in shares of Huntington Bancshares by 6.1% during the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock worth $224,000 after acquiring an additional 790 shares in the last quarter. Dillon & Associates Inc. lifted its stake in Huntington Bancshares by 5.9% during the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock worth $215,000 after purchasing an additional 795 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in Huntington Bancshares by 7.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank's stock valued at $191,000 after purchasing an additional 795 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Huntington Bancshares by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HBAN. Barclays upped their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Citigroup upped their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Stephens reissued an "equal weight" rating and issued a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their price target on Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.24.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN traded up $0.15 during midday trading on Wednesday, hitting $14.55. The stock had a trading volume of 24,302,173 shares, compared to its average volume of 21,568,498. The company has a market capitalization of $21.15 billion, a PE ratio of 11.83, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.44. The stock has a 50 day moving average price of $16.48 and a two-hundred day moving average price of $16.13. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the business posted $0.27 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

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.