Victory Capital Management Inc. Acquires 1,506,606 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Victory Capital Management Inc. increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,825,092 shares of the bank's stock after purchasing an additional 1,506,606 shares during the period. Victory Capital Management Inc. owned approximately 1.50% of Huntington Bancshares worth $355,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after purchasing an additional 702 shares during the last quarter. Lantz Financial LLC raised its holdings in Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock valued at $224,000 after acquiring an additional 790 shares in the last quarter. Dillon & Associates Inc. raised its holdings in Huntington Bancshares by 5.9% in the 3rd quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank's stock valued at $215,000 after acquiring an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in Huntington Bancshares by 7.2% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank's stock valued at $191,000 after acquiring an additional 795 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Huntington Bancshares by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank's stock valued at $917,000 after acquiring an additional 800 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities analysts have weighed in on HBAN shares. Stephens reaffirmed an "equal weight" rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Citigroup lifted their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. 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. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.24.

Huntington Bancshares Price Performance

HBAN stock traded up $0.01 during midday trading on Friday, reaching $15.14. 25,516,420 shares of the stock were exchanged, compared to its average volume of 20,992,611. The stock has a market capitalization of $22.01 billion, a PE ratio of 12.31, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. 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 company has a fifty day moving average price of $16.58 and a 200 day moving average price of $16.09.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 period last year, the firm posted $0.27 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal 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 $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.10%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.41%.

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.