Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 15.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 826,418 shares of the bank’s stock after acquiring an additional 110,758 shares during the period. Cerity Partners LLC’s holdings in Huntington Bancshares were worth $10,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HBAN. Norges Bank acquired a new position in Huntington Bancshares during the 4th quarter worth approximately $216,049,000. First Trust Advisors LP lifted its position in Huntington Bancshares by 359.4% during the 1st quarter. First Trust Advisors LP now owns 18,947,586 shares of the bank’s stock worth $212,213,000 after acquiring an additional 14,823,508 shares in the last quarter. Boston Partners lifted its position in Huntington Bancshares by 33.0% during the 3rd quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after acquiring an additional 7,271,405 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its position in shares of Huntington Bancshares by 2,536.9% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 5,936,016 shares of the bank’s stock valued at $66,483,000 after purchasing an additional 5,710,903 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Huntington Bancshares by 23.7% in the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock valued at $186,421,000 after purchasing an additional 3,438,552 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at $7,483,483.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was 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 of the company’s stock, valued at $2,603,024.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,241 shares of company stock valued at $1,360,359. Company insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Citigroup upped their target price on Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $16.00 in a research report on Monday, April 8th. Raymond James upped their target price on Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 26th. Finally, Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $14.97.

Huntington Bancshares Price Performance

Shares of HBAN opened at $13.31 on Monday. The company has a market cap of $19.30 billion, a P/E ratio of 10.73, a PEG ratio of 2.48 and a beta of 1.11. The stock has a fifty day moving average price of $13.19 and a 200 day moving average price of $12.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.15. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, March 15th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.00%.

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.