Huntington Bancshares Incorporated $HBAN Shares Bought by Cwm LLC

Cwm LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,077 shares of the bank’s stock after purchasing an additional 56,059 shares during the period. Cwm LLC’s holdings in Huntington Bancshares were worth $4,044,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Huntington Bancshares by 0.4% in the third quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after purchasing an additional 680,601 shares during the last quarter. Boston Partners boosted its stake in Huntington Bancshares by 3.9% during the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after buying an additional 2,363,905 shares during the last quarter. Invesco Ltd. grew its holdings in Huntington Bancshares by 1.5% in the 3rd quarter. Invesco Ltd. now owns 59,062,922 shares of the bank’s stock valued at $1,020,017,000 after buying an additional 861,263 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Huntington Bancshares by 15.7% in the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock valued at $594,054,000 after buying an additional 4,640,302 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Huntington Bancshares by 4.7% in the 3rd quarter. Federated Hermes Inc. now owns 21,292,946 shares of the bank’s stock worth $367,729,000 after acquiring an additional 956,933 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HBAN shares. Wolfe Research reduced their price target on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Morgan Stanley dropped their price objective on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Royal Bank Of Canada reduced their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. National Bank Financial set a $21.00 target price on shares of Huntington Bancshares in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.13.

Huntington Bancshares Price Performance

NASDAQ:HBAN opened at $16.82 on Thursday. Huntington Bancshares Incorporated has a 52 week low of $14.07 and a 52 week high of $19.45. The stock’s fifty day moving average is $16.34 and its two-hundred day moving average is $16.72. The company has a market capitalization of $34.26 billion, a P/E ratio of 12.10, a P/E/G ratio of 0.73 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations 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 company posted $0.34 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Insider Buying and Selling

In other Huntington Bancshares news, insider Prashant Nateri sold 10,171 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Torgow purchased 14,200 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were bought at an average price of $17.81 per share, with a total value of $252,902.00. Following the completion of the transaction, the director owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. The trade was a 1.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 27,700 shares of company stock valued at $540,401 and have sold 98,986 shares valued at $1,600,958. 0.67% of the stock is owned by corporate insiders.

About Huntington Bancshares

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.