Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Boston Partners

Boston Partners lessened its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,789,536 shares of the bank’s stock after selling 5,174,535 shares during the quarter. Huntington Bancshares comprises about 1.2% of Boston Partners’ holdings, making the stock its 9th largest holding. Boston Partners’ holdings in Huntington Bancshares were worth $989,992,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HBAN. Apollon Wealth Management LLC acquired a new stake in Huntington Bancshares during the third quarter worth $232,000. GSA Capital Partners LLP increased its stake in Huntington Bancshares by 21.2% during the third quarter. GSA Capital Partners LLP now owns 37,529 shares of the bank’s stock worth $552,000 after acquiring an additional 6,569 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Huntington Bancshares by 15.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,487 shares of the bank’s stock worth $198,000 after acquiring an additional 1,762 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in Huntington Bancshares by 2.8% during the third quarter. OneDigital Investment Advisors LLC now owns 41,971 shares of the bank’s stock worth $617,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Huntington Bancshares by 8.7% during the third quarter. Empowered Funds LLC now owns 24,266 shares of the bank’s stock worth $357,000 after acquiring an additional 1,946 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 69,088 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.67, for a total value of $1,013,520.96. Following the transaction, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. The trade was a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the transaction, the chief financial officer now owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HBAN has been the subject of several recent analyst reports. Morgan Stanley cut their target price on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Piper Sandler lowered their price target on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Citigroup raised their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Barclays raised their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.35.

Huntington Bancshares Stock Up 1.0 %

Huntington Bancshares stock opened at $14.90 on Tuesday. The stock’s fifty day moving average is $16.34 and its two-hundred day moving average is $16.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.45. The stock has a market cap of $21.77 billion, a PE ratio of 12.11, a P/E/G ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the company earned $0.27 EPS. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.16%. The ex-dividend date is Tuesday, March 18th. 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.