Allspring Global Investments Holdings LLC Buys 45,127 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Allspring Global Investments Holdings LLC raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 51.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 132,067 shares of the bank’s stock after acquiring an additional 45,127 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Huntington Bancshares were worth $1,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Huntington Bancshares by 11.8% in the 1st quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock worth $2,765,000 after purchasing an additional 19,959 shares during the period. D.A. Davidson & CO. bought a new position in shares of Huntington Bancshares in the 1st quarter worth approximately $315,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Huntington Bancshares by 309.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock worth $146,000 after purchasing an additional 7,558 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Huntington Bancshares by 40.9% in the 1st quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock worth $1,526,000 after purchasing an additional 30,296 shares during the period. Finally, Aviva PLC lifted its stake in shares of Huntington Bancshares by 58.2% in the 1st quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after purchasing an additional 293,944 shares during the period. Institutional investors own 80.43% of the company’s stock.

Huntington Bancshares Stock Down 0.4 %

HBAN opened at $14.02 on Friday. The firm has a 50-day simple moving average of $14.53 and a two-hundred day simple moving average of $13.96. Huntington Bancshares Incorporated has a 52 week low of $11.67 and a 52 week high of $17.32. The company has a market capitalization of $20.23 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.68.

Huntington Bancshares (NASDAQ:HBANGet Rating) last released its quarterly earnings data on Friday, October 21st. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Huntington Bancshares had a net margin of 27.34% and a return on equity of 13.76%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. Analysts forecast that Huntington Bancshares Incorporated will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $15.50 to $14.50 in a research note on Tuesday, December 13th. Morgan Stanley raised shares of Huntington Bancshares from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $16.00 to $19.00 in a report on Monday, December 5th. Wedbush reaffirmed a “neutral” rating and set a $14.00 price target on shares of Huntington Bancshares in a report on Wednesday, September 28th. The Goldman Sachs Group increased their price objective on shares of Huntington Bancshares to $17.50 in a research note on Wednesday, November 16th. Finally, DA Davidson initiated coverage on shares of Huntington Bancshares in a research note on Tuesday, December 20th. They set a “neutral” rating and a $15.00 target price on the stock. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Hold” and an average price target of $15.60.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 9,749 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the completion of the transaction, the vice president now owns 214,477 shares of the company’s stock, valued at approximately $3,324,393.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Scott D. Kleinman sold 9,749 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $15.50, for a total transaction of $151,109.50. Following the sale, the vice president now directly owns 214,477 shares in the company, valued at approximately $3,324,393.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Torgow bought 16,835 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were acquired at an average price of $14.75 per share, for a total transaction of $248,316.25. Following the completion of the transaction, the director now directly owns 910,136 shares in the company, valued at approximately $13,424,506. The disclosure for this purchase can be found here. Insiders sold 87,804 shares of company stock valued at $1,346,779 in the last 90 days. Insiders own 0.72% of the company’s stock.

Huntington Bancshares Company Profile

(Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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