By otakuyassine3@gmail.com 
Vontobel Holding Ltd. raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 60.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,906 shares of the bank’s stock after purchasing an additional 13,105 shares during the period. Vontobel Holding Ltd.’s holdings in Huntington Bancshares were worth $568,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HBAN. State Street Corp increased its position in shares of Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Huntington Bancshares by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock worth $921,778,000 after purchasing an additional 1,522,767 shares during the last quarter. Geode Capital Management LLC lifted its stake in Huntington Bancshares by 1.3% during the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank’s stock worth $540,422,000 after purchasing an additional 473,893 shares during the last quarter. FMR LLC lifted its stake in Huntington Bancshares by 16.8% in the third quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock valued at $348,672,000 after buying an additional 3,410,597 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Huntington Bancshares by 13.2% in the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock valued at $298,682,000 after buying an additional 2,363,988 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Huntington Bancshares Trading Down 0.4 %
HBAN stock opened at $16.83 on Thursday. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.36 and a beta of 1.07. 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 business has a fifty day moving average price of $16.72 and a 200 day moving average price of $15.92. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $0.27 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is 50.41%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Barclays boosted their target price on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Citigroup upped their target price on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI upped their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.06.
View Our Latest Research Report on Huntington Bancshares
Huntington Bancshares Company 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.
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