GAM Holding AG Sells 44,580 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

GAM Holding AG decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,223 shares of the bank's stock after selling 44,580 shares during the period. GAM Holding AG's holdings in Huntington Bancshares were worth $8,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its stake in shares of Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after acquiring an additional 702 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Huntington Bancshares by 15.8% in the fourth quarter. D.A. Davidson & CO. now owns 26,536 shares of the bank's stock worth $432,000 after acquiring an additional 3,612 shares in the last quarter. Capital Performance Advisors LLP lifted its stake in shares of Huntington Bancshares by 8.3% in the fourth quarter. Capital Performance Advisors LLP now owns 12,372 shares of the bank's stock worth $201,000 after acquiring an additional 950 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of Huntington Bancshares by 6.6% in the fourth quarter. Valmark Advisers Inc. now owns 48,658 shares of the bank's stock worth $792,000 after acquiring an additional 3,005 shares in the last quarter. Finally, Secured Retirement Advisors LLC lifted its stake in shares of Huntington Bancshares by 13.9% in the fourth quarter. Secured Retirement Advisors LLC now owns 12,090 shares of the bank's stock worth $197,000 after acquiring an additional 1,478 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HBAN. Citigroup upped their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Keefe, Bruyette & Woods upped their price objective 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. Stephens restated an "equal weight" rating and set a $18.50 price objective on shares of Huntington Bancshares in a research note on Friday, February 7th. Finally, Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.06.

Huntington Bancshares Stock Down 1.6 %

NASDAQ:HBAN traded down $0.27 on Friday, hitting $16.15. 32,918,112 shares of the company's stock were exchanged, compared to its average volume of 19,590,543. The firm has a 50-day moving average price of $16.68 and a 200-day moving average price of $15.95. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The company has a market cap of $23.48 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the business 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. 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 3.84%. Huntington Bancshares's dividend payout ratio (DPR) is currently 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.