AE Wealth Management LLC Buys 31,897 Shares of Huntington Bancshares Incorporated $HBAN

AE Wealth Management LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,708,552 shares of the bank’s stock after acquiring an additional 31,897 shares during the period. AE Wealth Management LLC owned approximately 0.11% of Huntington Bancshares worth $29,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC increased its position in shares of Huntington Bancshares by 2.4% during the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after acquiring an additional 587 shares during the period. Parcion Private Wealth LLC grew its stake in Huntington Bancshares by 6.2% during the 3rd quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after purchasing an additional 648 shares in the last quarter. Strategic Planning Inc. increased its holdings in Huntington Bancshares by 0.3% during the 3rd quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock worth $3,442,000 after purchasing an additional 670 shares during the period. Rehmann Capital Advisory Group increased its holdings in Huntington Bancshares by 4.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock worth $292,000 after purchasing an additional 694 shares during the period. Finally, Glenmede Investment Management LP raised its position in Huntington Bancshares by 1.7% in the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock valued at $755,000 after purchasing an additional 728 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Brendan A. Lawlor sold 17,455 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total value of $330,423.15. Following the completion of the sale, the vice president directly owned 42,398 shares of the company’s stock, valued at approximately $802,594.14. This represents a 29.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Prashant Nateri sold 10,171 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the sale, the insider owned 83,819 shares of the company’s stock, valued at $1,299,194.50. This trade represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have bought 27,700 shares of company stock valued at $540,401 and have sold 98,986 shares valued at $1,600,958. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HBAN shares. Argus lifted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada reduced their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Raymond James Financial lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 23rd. Piper Sandler raised their price target on Huntington Bancshares from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Huntington Bancshares from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.13.

Huntington Bancshares Trading Down 0.6%

Shares of Huntington Bancshares stock opened at $16.57 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $16.48 and a 200-day simple moving average of $16.73. The stock has a market cap of $33.76 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.72 and a beta of 0.95. Huntington Bancshares Incorporated has a 12-month low of $13.36 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were paid a $0.155 dividend. The ex-dividend date was Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. Huntington Bancshares’s payout ratio is currently 44.60%.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.