Pacer Advisors Inc. Boosts Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Pacer Advisors Inc. grew its position in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,858 shares of the bank’s stock after acquiring an additional 5,794 shares during the quarter. Pacer Advisors Inc.’s holdings in Huntington Bancshares were worth $1,232,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Huntington Bancshares by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock worth $1,789,520,000 after purchasing an additional 1,209,264 shares during the last quarter. BlackRock Inc. boosted its position in Huntington Bancshares by 0.5% during the first quarter. BlackRock Inc. now owns 137,586,195 shares of the bank’s stock worth $1,540,965,000 after acquiring an additional 652,310 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Huntington Bancshares by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock valued at $468,725,000 after acquiring an additional 245,025 shares in the last quarter. Geode Capital Management LLC lifted its stake in Huntington Bancshares by 5.0% in the 1st quarter. Geode Capital Management LLC now owns 31,820,975 shares of the bank’s stock worth $355,630,000 after purchasing an additional 1,516,892 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Huntington Bancshares by 0.7% during the 1st quarter. JPMorgan Chase & Co. now owns 31,327,949 shares of the bank’s stock worth $350,873,000 after purchasing an additional 232,098 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the sale, the director now owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders sold 102,241 shares of company stock valued at $1,360,359 in the last three months. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on HBAN. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Royal Bank of Canada boosted their price target on shares of Huntington Bancshares from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Evercore ISI raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Citigroup lifted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.50 in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.84.

Check Out Our Latest Stock Report on Huntington Bancshares

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $13.73 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $19.91 billion, a P/E ratio of 11.07 and a beta of 1.11. The stock has a 50-day moving average of $13.05 and a two-hundred day moving average of $11.85. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $13.97.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.15. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were issued a $0.155 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.52%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.00%.

Huntington Bancshares Profile

(Free Report)

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

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