Profund Advisors LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN – Get Rating) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,591 shares of the bank’s stock after buying an additional 1,770 shares during the period. Profund Advisors LLC’s holdings in Huntington Bancshares were worth $389,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Argent Advisors Inc. lifted its position in Huntington Bancshares by 2.7% in the fourth quarter. Argent Advisors Inc. now owns 40,596 shares of the bank’s stock worth $572,000 after purchasing an additional 1,063 shares during the period. Bank of Montreal Can lifted its holdings in shares of Huntington Bancshares by 4.5% during the 4th quarter. Bank of Montreal Can now owns 3,507,933 shares of the bank’s stock worth $49,462,000 after acquiring an additional 151,375 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Huntington Bancshares by 2.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 794,834 shares of the bank’s stock valued at $11,207,000 after acquiring an additional 16,346 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Huntington Bancshares by 4.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 507,059 shares of the bank’s stock valued at $7,150,000 after acquiring an additional 20,881 shares during the period. Finally, Endurance Wealth Management Inc. raised its position in Huntington Bancshares by 1.2% in the fourth quarter. Endurance Wealth Management Inc. now owns 495,526 shares of the bank’s stock worth $6,987,000 after purchasing an additional 5,650 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
HBAN has been the topic of a number of recent research reports. Raymond James decreased their price objective on Huntington Bancshares from $18.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Thursday, April 6th. Keefe, Bruyette & Woods upgraded Huntington Bancshares from an “underperform” rating to a “market perform” rating and lowered their price target for the company from $13.50 to $13.00 in a research report on Wednesday, April 5th. UBS Group cut Huntington Bancshares from a “buy” rating to a “neutral” rating in a report on Monday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of Huntington Bancshares from $13.50 to $11.00 in a report on Thursday, April 6th. Finally, StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.03.
Insider Activity at Huntington Bancshares
Huntington Bancshares Stock Down 1.6 %
Shares of HBAN opened at $11.44 on Monday. The business’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $13.92. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 6.17 and a beta of 1.06. Huntington Bancshares Incorporated has a 52 week low of $9.94 and a 52 week high of $15.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.84 and a current ratio of 0.86.
Huntington Bancshares (NASDAQ:HBAN – Get Rating) last issued its quarterly earnings results on Friday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Bancshares had a return on equity of 15.33% and a net margin of 27.06%. On average, analysts predict that Huntington Bancshares Incorporated will post 1.43 earnings per share for the current year.
Huntington Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 19th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Thursday, June 15th. Huntington Bancshares’s dividend payout ratio (DPR) is 40.00%.
About Huntington Bancshares
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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