Wellington Management Group LLP decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 820,319 shares of the bank's stock after selling 196,071 shares during the quarter. Wellington Management Group LLP owned about 0.06% of Huntington Bancshares worth $13,347,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Creative Capital Management Investments LLC raised its stake in shares of Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock valued at $26,000 after acquiring an additional 1,578 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Huntington Bancshares by 126.8% during the fourth quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock valued at $30,000 after buying an additional 1,023 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares in the fourth quarter worth approximately $37,000. Asset Dedication LLC boosted its holdings in Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock valued at $50,000 after acquiring an additional 1,260 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Huntington Bancshares by 27.2% in the fourth 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 period. 80.72% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Huntington Bancshares
In related news, VP Brendan A. Lawlor sold 3,521 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now owns 47,950 shares of the company's stock, valued at approximately $731,237.50. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of the stock in a transaction on 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 transaction, the vice president now directly owns 453,129 shares in the company, valued at $6,647,402.43. This trade represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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 Performance
Shares of Huntington Bancshares stock traded up $0.41 on Tuesday, reaching $13.56. 4,429,455 shares of the stock were exchanged, compared to its average volume of 17,253,019. The firm has a market capitalization of $19.81 billion, a PE ratio of 11.02, a PEG ratio of 1.33 and a beta of 0.89. Huntington Bancshares Incorporated has a 1-year low of $11.92 and a 1-year high of $18.45. The business has a fifty day moving average price of $15.14 and a two-hundred day moving average price of $16.05. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.
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 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 in the prior year, the company earned $0.27 earnings per share. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.
Huntington Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.57%. 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 subject of a number of analyst reports. Robert W. Baird upgraded Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Friday, March 7th. Truist Financial raised their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Citigroup reduced their price objective 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. Finally, Morgan Stanley lowered their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.94.
Get Our Latest Report on HBAN
Huntington Bancshares Company 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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