Assetmark Inc. Purchases 26,433 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Assetmark Inc. grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,829 shares of the bank's stock after buying an additional 26,433 shares during the quarter. Assetmark Inc.'s holdings in Huntington Bancshares were worth $2,519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Capital Management Investments LLC raised its position in Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after purchasing an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after purchasing an additional 1,023 shares during the period. Midwest Capital Advisors LLC acquired a new position in shares of Huntington Bancshares in the 4th quarter worth approximately $37,000. Asset Dedication LLC lifted its position in shares of Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after buying an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Huntington Bancshares by 27.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock valued at $53,000 after buying an additional 702 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

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Huntington Bancshares Stock Down 1.9 %

Shares of HBAN stock traded down $0.27 during trading hours on Thursday, hitting $14.28. 18,986,532 shares of the company were exchanged, compared to its average volume of 21,458,336. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $20.76 billion, a PE ratio of 11.61, a PEG ratio of 1.33 and a beta of 1.07. The business has a 50 day moving average of $16.45 and a two-hundred day moving average of $16.12. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 business posted $0.27 earnings per share. Analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HBAN. Stephens reiterated an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Robert W. Baird raised shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Friday, March 7th. Finally, Piper Sandler reduced their target price on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.35.

Huntington Bancshares 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.