Aviva PLC Sells 855,897 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Aviva PLC decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 49.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 875,145 shares of the bank's stock after selling 855,897 shares during the period. Aviva PLC owned 0.06% of Huntington Bancshares worth $14,239,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Huntington Bancshares during the fourth quarter worth about $302,826,000. Raymond James Financial Inc. acquired a new position in shares of Huntington Bancshares during the 4th quarter valued at about $150,444,000. Amundi lifted its holdings in shares of Huntington Bancshares by 26.7% during the 4th quarter. Amundi now owns 17,435,207 shares of the bank's stock worth $286,460,000 after acquiring an additional 3,671,235 shares during the period. National Bank of Canada FI boosted its position in shares of Huntington Bancshares by 220.9% in the fourth quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank's stock worth $59,661,000 after acquiring an additional 2,524,077 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Huntington Bancshares by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank's stock valued at $1,056,353,000 after purchasing an additional 2,218,020 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Stephens reiterated an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Barclays raised their price target 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. Baird R W upgraded shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Morgan Stanley dropped their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, four have issued 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 presently has an average rating of "Moderate Buy" and a consensus target price of $17.94.

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Insiders Place Their Bets

In related news, VP Brendan A. Lawlor sold 3,521 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.25, for a total value of $53,695.25. Following the completion of the sale, the vice president now owns 47,950 shares of the company's stock, valued at $731,237.50. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the sale, the chief financial officer now directly owns 335,538 shares of the company's stock, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,781 shares of company stock valued at $1,631,151. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN remained flat at $12.89 during mid-day trading on Friday. 23,058,613 shares of the company traded hands, compared to its average volume of 17,306,311. Huntington Bancshares Incorporated has a twelve month low of $11.92 and a twelve month high of $18.45. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.33 and a beta of 0.89. The firm's 50 day moving average price is $15.21 and its 200-day moving average price is $16.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

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

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.155 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.81%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

About Huntington Bancshares

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.