Mackenzie Financial Corp Has $1.53 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mackenzie Financial Corp trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 120,030 shares of the bank’s stock after selling 5,179 shares during the period. Mackenzie Financial Corp’s holdings in Huntington Bancshares were worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBAN. Boston Partners increased its position in Huntington Bancshares by 33.0% in the third quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after purchasing an additional 7,271,405 shares during the period. Victory Capital Management Inc. increased its position in Huntington Bancshares by 23.7% in the third quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock worth $186,421,000 after purchasing an additional 3,438,552 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Huntington Bancshares in the third quarter worth about $20,004,000. AQR Capital Management LLC increased its position in Huntington Bancshares by 1,652.2% in the third quarter. AQR Capital Management LLC now owns 1,806,333 shares of the bank’s stock worth $18,786,000 after purchasing an additional 1,703,245 shares during the period. Finally, Barclays PLC increased its position in Huntington Bancshares by 31.6% in the third quarter. Barclays PLC now owns 5,395,974 shares of the bank’s stock worth $56,117,000 after purchasing an additional 1,296,978 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HBAN. Morgan Stanley restated an “overweight” rating and set a $16.00 target price on shares of Huntington Bancshares in a research report on Monday. Royal Bank of Canada boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Stephens restated an “equal weight” rating and set a $15.00 target price on shares of Huntington Bancshares in a research report on Monday. Raymond James boosted their target price on Huntington Bancshares from $13.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, December 26th. Finally, Evercore ISI boosted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $15.17.

Huntington Bancshares Trading Up 0.7 %

NASDAQ HBAN opened at $13.63 on Wednesday. The stock has a market capitalization of $19.76 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.47 and a beta of 1.11. The stock’s 50 day moving average price is $13.31 and its two-hundred day moving average price is $12.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. Huntington Bancshares Incorporated has a 52 week low of $9.13 and a 52 week high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Insiders Place Their Bets

In related news, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Julie C. Tutkovics sold 15,541 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was 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 approximately $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were 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 $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock valued at $1,360,359 in the last 90 days. 0.92% of the stock is currently owned by insiders.

Huntington Bancshares 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.