Xponance Inc. Acquires 14,076 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Xponance Inc. raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,611 shares of the bank’s stock after buying an additional 14,076 shares during the period. Xponance Inc.’s holdings in Huntington Bancshares were worth $3,654,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HBAN. Intech Investment Management LLC lifted its holdings in Huntington Bancshares by 433.4% during the 4th quarter. Intech Investment Management LLC now owns 186,618 shares of the bank’s stock valued at $3,036,000 after purchasing an additional 151,633 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth about $131,000. Carlson Capital Management boosted its holdings in shares of Huntington Bancshares by 0.4% during the 4th quarter. Carlson Capital Management now owns 163,575 shares of the bank’s stock worth $2,661,000 after buying an additional 692 shares during the period. PDS Planning Inc grew its stake in Huntington Bancshares by 11.9% in the 4th quarter. PDS Planning Inc now owns 71,453 shares of the bank’s stock valued at $1,163,000 after buying an additional 7,612 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Huntington Bancshares by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 726,435 shares of the bank’s stock valued at $11,819,000 after acquiring an additional 5,093 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Huntington Bancshares

In other 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 transaction of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares in the company, valued at approximately $6,647,402.43. The trade was a 13.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the sale, the chief financial officer now owns 335,538 shares in the company, valued at approximately $4,825,036.44. This represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $14.95 on Friday. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $16.25 and a 200 day simple moving average of $16.11. The company has a market cap of $21.84 billion, a P/E ratio of 12.15, a P/E/G ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 period in the prior year, the company posted $0.27 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.15%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Royal Bank of Canada restated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Piper Sandler lowered their price objective on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird raised shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 target price for the company in a research report on Friday, March 7th. Finally, StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.35.

Huntington Bancshares Profile

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.