Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,514,666 shares of the bank's stock after selling 105,610 shares during the period. Truist Financial Corp owned about 0.10% of Huntington Bancshares worth $24,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Huntington Bancshares by 10.3% in the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after purchasing an additional 7,439,909 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Huntington Bancshares by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock valued at $921,778,000 after purchasing an additional 1,522,767 shares during the last quarter. Geode Capital Management LLC raised its stake in Huntington Bancshares by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock valued at $540,422,000 after purchasing an additional 473,893 shares during the last quarter. FMR LLC raised its stake in Huntington Bancshares by 16.8% in the 3rd quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after purchasing an additional 3,410,597 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after purchasing an additional 2,363,988 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Down 1.6 %

Shares of Huntington Bancshares stock traded down $0.27 on Friday, reaching $16.15. 32,918,112 shares of the company were exchanged, compared to its average volume of 19,590,543. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company has a market cap of $23.48 billion, a P/E 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 current ratio of 0.89 and a quick ratio of 0.88. The stock's 50 day moving average price is $16.70 and its 200-day moving average price is $15.93.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced 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 in the prior year, the firm earned $0.27 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup increased their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Barclays raised their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Evercore ISI raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Stephens reaffirmed an "equal weight" rating and issued a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. Finally, Piper Sandler cut their target price on Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently 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.