Prudential Financial Inc. increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216,233 shares of the bank's stock after purchasing an additional 38,816 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of Huntington Bancshares worth $19,788,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Huntington Bancshares in the fourth quarter worth approximately $150,444,000. State Street Corp boosted its stake in Huntington Bancshares by 10.3% in the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the period. Amundi grew its position in Huntington Bancshares by 26.7% during the 4th quarter. Amundi now owns 17,435,207 shares of the bank's stock worth $286,460,000 after purchasing an additional 3,671,235 shares in the last quarter. FMR LLC raised its stake in Huntington Bancshares by 16.8% during the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after purchasing an additional 3,410,597 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on HBAN shares. Baird R W raised Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reissued an "overweight" rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Thursday, December 12th. Truist Financial lifted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.18.
View Our Latest Stock Analysis on Huntington Bancshares
Insider Buying and Selling at Huntington Bancshares
In related 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brendan A. Lawlor sold 3,521 shares of Huntington Bancshares stock in a transaction on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the sale, the vice president now owns 47,950 shares in the company, valued at $731,237.50. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,781 shares of company stock valued at $1,631,151 in the last ninety days. Company insiders own 0.89% of the company's stock.
Huntington Bancshares Stock Performance
HBAN stock traded up $0.22 during mid-day trading on Monday, reaching $15.01. 18,673,360 shares of the stock traded hands, compared to its average volume of 16,902,755. 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 business has a 50-day moving average of $16.03 and a two-hundred day moving average of $16.16. The firm has a market capitalization of $21.93 billion, a PE ratio of 12.20, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released 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 return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the company posted $0.27 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.
Huntington Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's payout ratio is currently 50.41%.
Huntington Bancshares Company Profile
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Free Report)
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.
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