Advisor Group Inc. lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,620 shares of the bank’s stock after purchasing an additional 5,180 shares during the quarter. Advisor Group Inc.’s holdings in Huntington Bancshares were worth $1,233,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Huntington Bancshares by 0.3% during the fourth quarter. BlackRock Inc. now owns 68,403,363 shares of the bank’s stock worth $995,953,000 after acquiring an additional 221,404 shares during the period. Capital International Investors grew its holdings in Huntington Bancshares by 13.2% during the third quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock worth $694,080,000 after acquiring an additional 5,800,000 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Huntington Bancshares by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,756,634 shares of the bank’s stock worth $214,857,000 after acquiring an additional 641,856 shares during the period. Geode Capital Management LLC grew its holdings in Huntington Bancshares by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 12,108,854 shares of the bank’s stock worth $175,960,000 after acquiring an additional 251,349 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Huntington Bancshares by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,802,626 shares of the bank’s stock worth $128,166,000 after acquiring an additional 139,491 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.
Shares of Huntington Bancshares stock opened at $15.88 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.88 and a quick ratio of 0.87. Huntington Bancshares Incorporated has a 12-month low of $12.14 and a 12-month high of $16.60. The stock has a market capitalization of $17,549.19, a price-to-earnings ratio of 15.88, a PEG ratio of 1.20 and a beta of 1.33.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business earned $0.18 earnings per share. sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a $0.11 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.77%. Huntington Bancshares’s dividend payout ratio is currently 44.00%.
A number of brokerages recently weighed in on HBAN. UBS began coverage on Huntington Bancshares in a report on Wednesday. They set a “buy” rating on the stock. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. ValuEngine raised Huntington Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 target price on shares of Huntington Bancshares in a report on Tuesday, February 27th. Finally, Zacks Investment Research lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Nine investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.76.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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