Invesco Ltd. Has $855.80 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Invesco Ltd. lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,599,986 shares of the bank's stock after buying an additional 2,310,502 shares during the period. Invesco Ltd. owned about 3.62% of Huntington Bancshares worth $855,802,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Creative Capital Management Investments LLC increased its position in shares of Huntington Bancshares by 17,533.3% during the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after acquiring an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after buying an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Huntington Bancshares during the 4th quarter worth approximately $37,000. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings 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 valued at $53,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

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Insider Activity

In other news, VP Scott D. Kleinman sold 69,088 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares of the company's stock, valued at approximately $6,647,402.43. This represents a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Brendan A. Lawlor sold 3,521 shares of Huntington Bancshares stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 47,950 shares in the company, valued at $731,237.50. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,781 shares of company stock worth $1,631,151. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

HBAN stock remained flat at $12.89 during trading hours on Friday. The company's stock had a trading volume of 23,058,613 shares, compared to its average volume of 17,306,311. Huntington Bancshares Incorporated has a 1 year low of $11.92 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.33 and a beta of 0.89. The firm has a 50 day moving average price of $15.21 and a 200-day moving average price of $16.06.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping 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 quarter last year, the business earned $0.27 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were issued a $0.155 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.81%. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent research reports. Baird R W upgraded shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Truist Financial increased their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada restated an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Barclays upped their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and a consensus target price of $17.94.

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.