Swiss Life Asset Management Ltd increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 20.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 301,553 shares of the bank’s stock after purchasing an additional 50,778 shares during the period. Swiss Life Asset Management Ltd’s holdings in Huntington Bancshares were worth $5,232,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Shoker Investment Counsel Inc. grew its holdings in Huntington Bancshares by 4.2% during the fourth quarter. Shoker Investment Counsel Inc. now owns 208,523 shares of the bank’s stock worth $3,618,000 after purchasing an additional 8,330 shares during the period. Midwest Trust Co grew its holdings in Huntington Bancshares by 0.9% during the fourth quarter. Midwest Trust Co now owns 1,523,956 shares of the bank’s stock worth $26,441,000 after purchasing an additional 12,979 shares during the period. NewEdge Wealth LLC bought a new position in Huntington Bancshares during the fourth quarter worth about $370,000. LJI Wealth Management LLC grew its holdings in Huntington Bancshares by 99.8% during the fourth quarter. LJI Wealth Management LLC now owns 22,303 shares of the bank’s stock worth $387,000 after purchasing an additional 11,140 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in Huntington Bancshares by 2.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 55,949 shares of the bank’s stock worth $971,000 after purchasing an additional 1,362 shares during the period. Institutional investors own 80.72% of the company’s stock.
Huntington Bancshares Trading Down 3.1%
Shares of NASDAQ:HBAN opened at $15.35 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The stock has a market cap of $31.12 billion, a PE ratio of 11.81, a P/E/G ratio of 0.73 and a beta of 0.96. The business has a 50 day moving average of $16.06 and a 200-day moving average of $16.74. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.
Huntington Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s payout ratio is currently 47.69%.
Insider Transactions at Huntington Bancshares
In other Huntington Bancshares news, Director Gary Torgow purchased 14,200 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $17.81 per share, for a total transaction of $252,902.00. Following the completion of the transaction, the director owned 943,341 shares in the company, valued at approximately $16,800,903.21. This represents a 1.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director James D. Rollins III purchased 3,029 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $21.05 per share, with a total value of $63,760.45. Following the completion of the transaction, the director owned 9,500 shares of the company’s stock, valued at $199,975. This represents a 46.81% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 39,200 shares of company stock worth $756,724. Insiders own 0.67% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. Truist Financial reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 13th. Keefe, Bruyette & Woods reduced their price target on Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a report on Friday, January 23rd. Finally, Evercore reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $20.05.
View Our Latest Stock Report on HBAN
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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