Creative Planning boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,309 shares of the bank’s stock after purchasing an additional 1,505 shares during the quarter. Creative Planning’s holdings in Huntington Bancshares were worth $2,160,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HBAN. BlackRock Inc. increased its stake in Huntington Bancshares by 6.3% in the fourth quarter. BlackRock Inc. now owns 73,785,659 shares of the bank’s stock worth $879,523,000 after purchasing an additional 4,341,210 shares during the period. Boston Partners increased its stake in shares of Huntington Bancshares by 54.3% during the fourth quarter. Boston Partners now owns 49,450,631 shares of the bank’s stock valued at $589,451,000 after buying an additional 17,411,546 shares during the period. Geode Capital Management LLC increased its stake in shares of Huntington Bancshares by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 14,526,595 shares of the bank’s stock valued at $172,863,000 after buying an additional 709,854 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Huntington Bancshares by 13.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,117,471 shares of the bank’s stock valued at $168,284,000 after buying an additional 1,714,381 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Huntington Bancshares by 12.3% during the fourth quarter. Bank of America Corp DE now owns 13,837,096 shares of the bank’s stock valued at $164,938,000 after buying an additional 1,512,128 shares during the period. Hedge funds and other institutional investors own 77.97% of the company’s stock.
Several brokerages have recently commented on HBAN. Jefferies Financial Group lowered Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research note on Monday, January 28th. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Zacks Investment Research raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded Huntington Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $18.00 price objective on shares of Huntington Bancshares in a research report on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.10.
In related news, Director Kathleen H. Ransier sold 3,067 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total transaction of $43,858.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Stephen D. Steinour purchased 18,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $13.33 per share, with a total value of $239,940.00. Following the completion of the transaction, the chief executive officer now owns 5,142,348 shares of the company’s stock, valued at approximately $68,547,498.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 75,225 shares of company stock valued at $1,022,768. Company insiders own 1.22% of the company’s stock.
NASDAQ HBAN traded down $0.12 during trading on Wednesday, hitting $13.33. The company’s stock had a trading volume of 7,150,124 shares, compared to its average volume of 12,885,891. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52. The company has a market cap of $14.07 billion, a PE ratio of 11.11, a P/E/G ratio of 1.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.90.
Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Huntington Bancshares had a return on equity of 14.20% and a net margin of 26.24%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s payout ratio is 46.67%.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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