First Quadrant L P CA reduced its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 37.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,158 shares of the bank’s stock after selling 53,800 shares during the quarter. First Quadrant L P CA’s holdings in Huntington Bancshares were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in HBAN. State of Alaska Department of Revenue grew its holdings in shares of Huntington Bancshares by 21.7% in the fourth quarter. State of Alaska Department of Revenue now owns 181,048 shares of the bank’s stock valued at $2,634,000 after purchasing an additional 32,290 shares in the last quarter. Endurance Wealth Management Inc. lifted its position in Huntington Bancshares by 0.6% in the fourth quarter. Endurance Wealth Management Inc. now owns 838,303 shares of the bank’s stock worth $12,206,000 after buying an additional 5,174 shares during the last quarter. Berkshire Asset Management LLC PA lifted its position in Huntington Bancshares by 112.2% in the fourth quarter. Berkshire Asset Management LLC PA now owns 75,662 shares of the bank’s stock worth $1,102,000 after buying an additional 40,000 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Huntington Bancshares by 2.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,687,371 shares of the bank’s stock worth $53,689,000 after buying an additional 74,997 shares during the last quarter. Finally, Capital Investment Advisors LLC bought a new stake in Huntington Bancshares in the fourth quarter worth $3,621,000. 74.19% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on HBAN shares. Morgan Stanley raised their price target on Huntington Bancshares from $14.50 to $16.50 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Barclays raised their price target on Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Nomura lifted their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Vining Sparks reiterated a “buy” rating and set a $19.00 target price on shares of Huntington Bancshares in a research report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.75.
Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $15.48 on Tuesday. The company has a market capitalization of $16,730.00, a P/E ratio of 15.48, a P/E/G ratio of 1.17 and a beta of 1.35. Huntington Bancshares Incorporated has a 52-week low of $12.14 and a 52-week high of $16.53. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87.
Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. equities analysts expect that Huntington Bancshares Incorporated will post 1.2 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s payout ratio is presently 32.00%.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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