Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 20.6% in the fourth quarter, Holdings Channel reports. The fund owned 76,418 shares of the bank’s stock after buying an additional 13,036 shares during the period. Johnson Investment Counsel Inc.’s holdings in Huntington Bancshares were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its holdings in Huntington Bancshares by 7.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 214,612 shares of the bank’s stock valued at $3,492,000 after acquiring an additional 15,335 shares during the last quarter. Amundi raised its holdings in Huntington Bancshares by 26.7% in the 4th quarter. Amundi now owns 17,435,207 shares of the bank’s stock valued at $286,460,000 after acquiring an additional 3,671,235 shares during the last quarter. Larson Financial Group LLC raised its holdings in Huntington Bancshares by 12.1% in the 4th quarter. Larson Financial Group LLC now owns 188,407 shares of the bank’s stock valued at $3,065,000 after acquiring an additional 20,321 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Huntington Bancshares by 5.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,605,315 shares of the bank’s stock valued at $79,761,000 after acquiring an additional 233,700 shares during the last quarter. Finally, AMG National Trust Bank raised its holdings in Huntington Bancshares by 2.7% in the 4th quarter. AMG National Trust Bank now owns 88,698 shares of the bank’s stock valued at $1,448,000 after acquiring an additional 2,325 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HBAN shares. The Goldman Sachs Group increased their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 price target (up previously from $18.50) on shares of Huntington Bancshares in a research note on Wednesday, December 4th. Piper Sandler dropped their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 21st. Finally, Robert W. Baird raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $14.40 on Wednesday. The stock has a market capitalization of $20.93 billion, a P/E ratio of 11.71, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The company has a 50 day moving average price of $16.48 and a 200 day moving average price of $16.13.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm posted $0.27 EPS. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.31%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.