Morningstar Investment Management LLC Decreases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Morningstar Investment Management LLC decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 77.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,829 shares of the bank's stock after selling 83,246 shares during the period. Morningstar Investment Management LLC's holdings in Huntington Bancshares were worth $404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Creative Capital Management Investments LLC boosted its holdings in Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after purchasing an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after buying an additional 1,023 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $32,000. Asset Dedication LLC grew its holdings in Huntington Bancshares by 70.0% during the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after acquiring an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Huntington Bancshares by 27.2% during 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 during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

HBAN stock traded down $0.27 during trading on Friday, hitting $16.15. The stock had a trading volume of 32,918,112 shares, compared to its average volume of 19,590,543. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The company's 50 day moving average price is $16.68 and its two-hundred day moving average price is $15.95. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44.

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

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.84%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Wall Street Analyst Weigh In

HBAN has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods boosted their price objective on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Truist Financial lifted their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.06.

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.