Natixis Advisors L.P. cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 841,793 shares of the bank’s stock after selling 148,059 shares during the period. Natixis Advisors L.P. owned approximately 0.06% of Huntington Bancshares worth $11,870,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of HBAN. CI Investments Inc. raised its position in shares of Huntington Bancshares by 994.3% during the third quarter. CI Investments Inc. now owns 1,904 shares of the bank’s stock valued at $25,000 after buying an additional 1,730 shares during the last quarter. Retirement Financial Solutions LLC acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $28,000. Allworth Financial LP lifted its position in shares of Huntington Bancshares by 91.9% in the 3rd quarter. Allworth Financial LP now owns 1,998 shares of the bank’s stock worth $26,000 after acquiring an additional 957 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Bancshares by 149.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,573 shares of the bank’s stock worth $34,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Horan Securities Inc. increased its position in shares of Huntington Bancshares by 111.3% during the third quarter. Horan Securities Inc. now owns 3,087 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,626 shares during the period. 80.43% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on HBAN shares. Barclays reduced their target price on Huntington Bancshares from $17.00 to $14.00 in a research report on Wednesday. Morgan Stanley reduced their price objective on shares of Huntington Bancshares from $18.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Raymond James lowered their target price on shares of Huntington Bancshares from $18.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 6th. UBS Group cut shares of Huntington Bancshares from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Piper Sandler lowered their price objective on Huntington Bancshares from $15.00 to $14.50 in a research note on Friday, March 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.13.
Insider Transactions at Huntington Bancshares
Huntington Bancshares Trading Down 0.7 %
HBAN stock opened at $11.32 on Thursday. The business has a fifty day moving average price of $13.23 and a 200 day moving average price of $14.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.84. Huntington Bancshares Incorporated has a fifty-two week low of $9.94 and a fifty-two week high of $15.74. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 5.81 and a beta of 1.07.
Huntington Bancshares (NASDAQ:HBAN – Get Rating) last announced its earnings results on Friday, January 20th. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Huntington Bancshares had a return on equity of 14.79% and a net margin of 28.15%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Analysts expect that Huntington Bancshares Incorporated will post 1.47 EPS for the current fiscal year.
Huntington Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 20th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Friday, March 17th. Huntington Bancshares’s dividend payout ratio is presently 42.76%.
Huntington Bancshares Company Profile
Huntington Bancshares, Inc operates as a bank holding company. It 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, other financial products and services.
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