American Century Companies Inc. Sells 691,253 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

American Century Companies Inc. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 808,333 shares of the bank's stock after selling 691,253 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of Huntington Bancshares worth $13,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arvest Bank Trust Division bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth approximately $2,381,000. Mediolanum International Funds Ltd bought a new position in shares of Huntington Bancshares during the fourth quarter valued at $422,000. Donoghue Forlines LLC purchased a new stake in Huntington Bancshares during the 4th quarter valued at about $1,460,000. Franklin Resources Inc. increased its stake in Huntington Bancshares by 3.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank's stock valued at $27,901,000 after purchasing an additional 55,602 shares in the last quarter. Finally, Czech National Bank raised its holdings in Huntington Bancshares by 6.5% in the fourth quarter. Czech National Bank now owns 314,999 shares of the bank's stock worth $5,125,000 after buying an additional 19,123 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Performance

Huntington Bancshares stock traded down $0.86 during trading on Friday, reaching $12.60. The company had a trading volume of 28,687,049 shares, compared to its average volume of 17,044,482. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. 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 firm's 50-day simple moving average is $15.88 and its 200 day simple moving average is $16.14. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45.

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Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping 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 period in the prior year, the company earned $0.27 EPS. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.92%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is currently 50.41%.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company's stock, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brendan A. Lawlor sold 3,521 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the completion of the transaction, the vice president now directly owns 47,950 shares of the company's stock, valued at approximately $731,237.50. This trade 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 worth $1,631,151 over the last three months. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HBAN. Citigroup cut their price target on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Piper Sandler lowered their price objective on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Morgan Stanley lowered their price target on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Barclays increased their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. One investment 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 stock. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average target price of $17.94.

Huntington Bancshares Company 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.