SG Americas Securities LLC Purchases 480,907 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

SG Americas Securities LLC grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1,098.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 524,697 shares of the bank's stock after buying an additional 480,907 shares during the quarter. SG Americas Securities LLC's holdings in Huntington Bancshares were worth $8,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisory Alpha LLC increased its position in Huntington Bancshares by 10.7% in the fourth quarter. Advisory Alpha LLC now owns 26,782 shares of the bank's stock worth $436,000 after purchasing an additional 2,589 shares during the period. Genesis Private Wealth LLC acquired a new stake in Huntington Bancshares in the fourth quarter worth about $175,000. MCF Advisors LLC increased its position in Huntington Bancshares by 27.7% in the fourth quarter. MCF Advisors LLC now owns 6,274 shares of the bank's stock worth $103,000 after purchasing an additional 1,359 shares during the period. M.E. Allison & CO. Inc. acquired a new stake in Huntington Bancshares in the fourth quarter worth about $268,000. Finally, Jackson Square Capital LLC increased its position in Huntington Bancshares by 29.2% in the fourth quarter. Jackson Square Capital LLC now owns 18,479 shares of the bank's stock worth $301,000 after purchasing an additional 4,180 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 1.9 %

NASDAQ HBAN traded up $0.32 during trading on Friday, hitting $17.22. The stock had a trading volume of 14,980,674 shares, compared to its average volume of 18,242,336. The company has a market capitalization of $25.01 billion, a PE ratio of 13.99, a P/E/G ratio of 1.39 and a beta of 1.07. The company's 50-day moving average price is $17.01 and its two-hundred day moving average price is $15.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate 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 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research reports. Piper Sandler lowered their price objective on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research report on Tuesday. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Citigroup raised their target price on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. DA Davidson raised their target price on Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Evercore ISI raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and a consensus price target of $18.06.

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.