Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,707,940 shares of the bank's stock after selling 91,351 shares during the quarter. LPL Financial LLC owned approximately 0.19% of Huntington Bancshares worth $44,058,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Arvest Bank Trust Division purchased a new position in Huntington Bancshares in the third quarter worth $2,381,000. Mediolanum International Funds Ltd acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $422,000. Donoghue Forlines LLC purchased a new position in Huntington Bancshares during the 4th quarter worth $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Huntington Bancshares by 5.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank's stock valued at $12,414,000 after buying an additional 44,662 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Huntington Bancshares by 3.2% in the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank's stock valued at $27,901,000 after buying an additional 55,602 shares during the last quarter. Institutional investors own 80.72% of the company's stock.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 3,521 shares of the business's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 47,950 shares in the company, valued at approximately $731,237.50. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of the firm'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 value of $1,013,520.96. Following the completion of the transaction, the vice president now owns 453,129 shares in the company, valued at approximately $6,647,402.43. This trade represents a 13.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,781 shares of company stock worth $1,631,151. Company insiders own 0.89% of the company's stock.

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Huntington Bancshares Stock Performance

HBAN traded up $0.22 on Monday, reaching $15.01. The stock had a trading volume of 18,673,360 shares, compared to its average volume of 16,902,731. The business's 50-day moving average price is $16.07 and its two-hundred day moving average price is $16.16. The company has a market cap of $21.93 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.45. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

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

Huntington Bancshares Dividend Announcement

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 issued a $0.155 dividend. 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 presently 50.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HBAN shares. JPMorgan Chase & Co. restated an "overweight" rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Piper Sandler cut their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reiterated an "outperform" rating and set a $20.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.18.

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.