Commonwealth Equity Services LLC Reduces Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Commonwealth Equity Services LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,602 shares of the bank's stock after selling 104,177 shares during the period. Commonwealth Equity Services LLC's holdings in Huntington Bancshares were worth $10,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC purchased a new position in shares of Huntington Bancshares during the third quarter worth $232,000. GSA Capital Partners LLP raised its stake in shares of Huntington Bancshares by 21.2% during the 3rd quarter. GSA Capital Partners LLP now owns 37,529 shares of the bank's stock valued at $552,000 after buying an additional 6,569 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Huntington Bancshares by 15.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,487 shares of the bank's stock valued at $198,000 after buying an additional 1,762 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of Huntington Bancshares by 2.8% in the third quarter. OneDigital Investment Advisors LLC now owns 41,971 shares of the bank's stock worth $617,000 after buying an additional 1,136 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Huntington Bancshares by 8.7% during the third quarter. Empowered Funds LLC now owns 24,266 shares of the bank's stock worth $357,000 after acquiring an additional 1,946 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.

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Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock traded up $0.07 during trading hours on Friday, hitting $15.02. 99,684,051 shares of the company were exchanged, compared to its average volume of 16,321,178. 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 business has a 50-day moving average of $16.23 and a 200-day moving average of $16.11. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.45. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.33 and a beta of 1.07.

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 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 firm posted $0.27 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.13%. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the transaction, the chief financial officer now directly owns 335,538 shares in the company, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott D. Kleinman sold 69,088 shares of the 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 transaction, the vice president now directly owns 453,129 shares in the company, valued at approximately $6,647,402.43. This represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HBAN shares. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. 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. Royal Bank of Canada reissued an "outperform" rating and set a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. restated an "overweight" rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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.