Cerity Partners LLC Acquires 21,412 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Cerity Partners LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,087,268 shares of the bank's stock after acquiring an additional 21,412 shares during the period. Cerity Partners LLC owned 0.07% of Huntington Bancshares worth $17,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in HBAN. FMR LLC lifted its stake in Huntington Bancshares by 36.9% during the fourth quarter. FMR LLC now owns 32,479,039 shares of the bank's stock valued at $528,434,000 after purchasing an additional 8,759,871 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Huntington Bancshares by 4.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,308,405 shares of the bank's stock worth $21,295,000 after acquiring an additional 51,200 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Huntington Bancshares in the 4th quarter worth $7,102,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at $410,000. Finally, World Investment Advisors boosted its position in shares of Huntington Bancshares by 73.8% in the 4th quarter. World Investment Advisors now owns 23,522 shares of the bank's stock valued at $383,000 after purchasing an additional 9,990 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the company's stock in a transaction on 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 sale, the vice president now directly owns 453,129 shares in the company, valued at $6,647,402.43. This represents a 13.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brendan A. Lawlor sold 3,521 shares of Huntington Bancshares stock in a transaction 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 transaction, the vice president now directly owns 47,950 shares of the company's stock, valued at approximately $731,237.50. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock valued at $1,631,151 over the last quarter. 0.89% of the stock is owned by company insiders.

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Huntington Bancshares Stock Performance

Huntington Bancshares stock traded up $0.43 during trading hours on Tuesday, hitting $13.58. The stock had a trading volume of 5,892,348 shares, compared to its average volume of 17,258,967. Huntington Bancshares Incorporated has a fifty-two week low of $11.92 and a fifty-two week high of $18.45. The company has a market cap of $19.84 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a 50-day moving average of $15.14 and a two-hundred day moving average of $16.05. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

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, beating 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 last year, the business earned $0.27 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.56%. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.

Analyst Ratings Changes

HBAN has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. lowered their target price on Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. Stephens reaffirmed an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a research report on Friday, February 7th. 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, Truist Financial upped their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. One research 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 stock. According to MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $17.94.

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.