Amundi increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,435,207 shares of the bank's stock after acquiring an additional 3,671,235 shares during the period. Amundi owned about 1.20% of Huntington Bancshares worth $286,460,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Arvest Bank Trust Division purchased a new stake in shares of Huntington Bancshares in the third quarter worth approximately $2,381,000. Mediolanum International Funds Ltd acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $422,000. Donoghue Forlines LLC purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Huntington Bancshares by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock valued at $12,414,000 after buying an additional 44,662 shares during the period. Finally, Petiole USA ltd purchased a new stake in shares of Huntington Bancshares during the third quarter worth $3,454,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Huntington Bancshares Stock Performance
NASDAQ HBAN traded up $0.15 during midday trading on Wednesday, hitting $14.55. The company had a trading volume of 24,302,173 shares, compared to its average volume of 21,568,508. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.33 and a beta of 1.07. The firm has a fifty day simple moving average of $16.48 and a two-hundred day simple moving average of $16.13.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 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 period in the previous year, the company earned $0.27 earnings per share. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.
Huntington Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.26%. Huntington Bancshares's payout ratio is presently 50.41%.
Analyst Upgrades and Downgrades
HBAN has been the topic of a number of recent research reports. StockNews.com upgraded Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. Stephens restated an "equal weight" rating and set a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods raised their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Baird R W upgraded Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued 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 price target of $18.24.
Read Our Latest Stock Analysis on Huntington Bancshares
Huntington Bancshares Company Profile
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Free Report)
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.
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