First Trust Advisors LP lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,950,399 shares of the bank’s stock after selling 247,018 shares during the period. First Trust Advisors LP’s holdings in Huntington Bancshares were worth $28,398,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Capital International Investors boosted its position in shares of Huntington Bancshares by 13.2% in the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after purchasing an additional 5,800,000 shares during the period. Beacon Investment Advisory Services Inc. acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $23,872,000. Maltese Capital Management LLC acquired a new position in shares of Huntington Bancshares in the 3rd quarter valued at $15,496,000. Bank of Montreal Can boosted its position in shares of Huntington Bancshares by 24.2% in the 4th quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock valued at $76,802,000 after purchasing an additional 1,027,377 shares during the period. Finally, RWC Asset Management LLP boosted its position in shares of Huntington Bancshares by 22.5% in the 3rd quarter. RWC Asset Management LLP now owns 2,973,996 shares of the bank’s stock valued at $41,517,000 after purchasing an additional 546,133 shares during the period. 74.09% of the stock is owned by institutional investors and hedge funds.
Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) opened at $16.05 on Thursday. Huntington Bancshares Incorporated has a 1 year low of $12.14 and a 1 year high of $16.53. The company has a market capitalization of $17,045.23, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.88.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting 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 during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company posted $0.18 EPS. equities analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, March 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 24.00%.
A number of research firms recently weighed in on HBAN. Zacks Investment Research lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. ValuEngine lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub upgraded Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.25 price target on shares of Huntington Bancshares in a research report on Friday, December 22nd. Ten analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $16.75.
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About Huntington Bancshares
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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