Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,713,197 shares of the bank's stock after selling 372,561 shares during the quarter. Envestnet Asset Management Inc. owned 0.32% of Huntington Bancshares worth $76,684,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its position in Huntington Bancshares by 1.3% during the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after acquiring an additional 800 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Huntington Bancshares by 13.7% during the 3rd quarter. Quantinno Capital Management LP now owns 117,036 shares of the bank's stock valued at $1,720,000 after purchasing an additional 14,089 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Huntington Bancshares by 131.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 37,591 shares of the bank's stock worth $553,000 after purchasing an additional 21,357 shares during the period. MML Investors Services LLC raised its position in Huntington Bancshares by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 447,472 shares of the bank's stock worth $6,578,000 after purchasing an additional 8,025 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Huntington Bancshares by 7.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 445,637 shares of the bank's stock worth $6,551,000 after purchasing an additional 30,830 shares during the last quarter. Institutional investors own 80.72% of the company's stock.

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Huntington Bancshares Stock Up 2.4 %

Shares of NASDAQ HBAN traded up $0.31 during trading hours on Monday, hitting $13.20. 3,342,076 shares of the stock were exchanged, compared to its average volume of 17,252,996. Huntington Bancshares Incorporated has a 12 month low of $11.92 and a 12 month high of $18.45. The firm has a fifty day moving average price of $15.21 and a 200-day moving average price of $16.06. 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 company has a market cap of $19.28 billion, a PE ratio of 10.73, a PEG ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS 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 quarter last year, the firm posted $0.27 earnings per share. On average, sell-side analysts expect 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 was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.70%. Huntington Bancshares's payout ratio is 50.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HBAN shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Friday, March 7th. Stephens reiterated an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their price target on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Finally, Piper Sandler decreased their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a report on Tuesday, January 21st. One 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.94.

Insider Activity

In other news, VP Brendan A. Lawlor sold 3,521 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the sale, the vice president now directly owns 47,950 shares of the company's stock, valued at $731,237.50. The trade was a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of the firm'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 completion of the transaction, the vice president now owns 453,129 shares of the company's stock, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,781 shares of company stock worth $1,631,151 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

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.