Schroder Investment Management Group Boosts Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Schroder Investment Management Group increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,221 shares of the bank's stock after buying an additional 66,937 shares during the period. Schroder Investment Management Group's holdings in Huntington Bancshares were worth $9,606,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HBAN. Creative Capital Management Investments LLC lifted its holdings 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 during the period. Y.D. More Investments Ltd lifted its holdings 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 buying an additional 1,023 shares during the period. Midwest Capital Advisors LLC bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at about $37,000. Asset Dedication LLC increased its stake in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after buying an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC raised its position 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 acquiring an additional 702 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

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Insider Buying and Selling at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 3,521 shares of Huntington Bancshares stock in a transaction 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 sale, the vice president now directly owns 47,950 shares in the company, valued at approximately $731,237.50. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares of the company's stock, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,781 shares of company stock worth $1,631,151. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Up 9.8 %

Shares of Huntington Bancshares stock traded up $1.22 during trading hours on Wednesday, reaching $13.71. The company's stock had a trading volume of 31,307,006 shares, compared to its average volume of 17,254,715. 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 stock's fifty day simple moving average is $15.37 and its two-hundred day simple moving average is $16.07. The company has a market capitalization of $20.03 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.33 and a beta of 0.89. Huntington Bancshares Incorporated has a one year low of $11.92 and a one year high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the company posted $0.27 earnings per share. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares's payout ratio is currently 50.41%.

Analysts Set New Price Targets

HBAN has been the topic of several analyst reports. Baird R W upgraded Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Citigroup reduced their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. lowered their target price on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley cut their price target on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, 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.