Russell Investments Group Ltd. raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,308,405 shares of the bank's stock after purchasing an additional 51,200 shares during the period. Russell Investments Group Ltd. owned 0.09% of Huntington Bancshares worth $21,295,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC lifted 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 purchasing an additional 1,578 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after acquiring an additional 1,023 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in Huntington Bancshares during the fourth quarter worth approximately $37,000. Asset Dedication LLC raised its position in Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of 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 buying an additional 702 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.
Huntington Bancshares Trading Up 3.3 %
Shares of HBAN stock traded up $0.43 during trading hours on Tuesday, hitting $13.58. 5,496,051 shares of the company were exchanged, compared to its average volume of 17,258,967. The firm has a fifty day moving average of $15.14 and a 200 day moving average of $16.05. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.92 and a 1 year high of $18.45. The firm has a market cap of $19.84 billion, a PE ratio of 11.06, a PEG ratio of 1.33 and a beta of 0.89.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted 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 net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.56%. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.
Insider Activity
In related news, VP Brendan A. Lawlor sold 3,521 shares of the stock in a transaction on 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 sale, the vice president now directly owns 47,950 shares in the company, valued at approximately $731,237.50. This represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 69,088 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 453,129 shares of the company's stock, valued at $6,647,402.43. The trade was a 13.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,781 shares of company stock valued at $1,631,151 in the last three months. Corporate insiders own 0.89% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Citigroup reduced their target price on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Robert W. Baird raised Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 price objective for the company in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Truist Financial raised their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.94.
Get Our Latest Analysis on HBAN
Huntington Bancshares Profile
(
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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