Catalyst Funds Management Pty Ltd Makes New Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Catalyst Funds Management Pty Ltd purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,800 shares of the bank's stock, valued at approximately $290,000.

A number of other institutional investors have also recently modified their holdings of HBAN. State Street Corp lifted its holdings in Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after acquiring an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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. Geode Capital Management LLC boosted its holdings in Huntington Bancshares by 1.3% during the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock worth $540,422,000 after buying an additional 473,893 shares in the last quarter. FMR LLC grew its position in Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock worth $348,672,000 after buying an additional 3,410,597 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Huntington Bancshares by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,825,092 shares of the bank's stock valued at $355,094,000 after buying an additional 1,506,606 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares in the company, valued at approximately $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction 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 position. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Stephens reissued an "equal weight" rating and issued a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their target price 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, Barclays raised their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Huntington Bancshares has a consensus rating of "Moderate Buy" and a consensus target price of $18.35.

Huntington Bancshares Trading Down 0.1 %

Shares of NASDAQ HBAN traded down $0.02 during trading on Thursday, hitting $14.95. 21,909,997 shares of the company traded hands, compared to its average volume of 16,004,723. 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 firm has a market capitalization of $21.84 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a 50-day moving average price of $16.28 and a 200-day moving average price of $16.12. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the business posted $0.27 EPS. On average, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.15%. Huntington Bancshares's dividend payout ratio (DPR) 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.