Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Holdings Boosted by World Investment Advisors

World Investment Advisors boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 73.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,522 shares of the bank’s stock after purchasing an additional 9,990 shares during the quarter. World Investment Advisors’ holdings in Huntington Bancshares were worth $383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westpac Banking Corp boosted its position in Huntington Bancshares by 91.2% during the 4th quarter. Westpac Banking Corp now owns 8,478 shares of the bank’s stock worth $138,000 after acquiring an additional 4,045 shares during the period. OneAscent Financial Services LLC bought a new position in Huntington Bancshares in the 4th quarter valued at about $244,000. Cinctive Capital Management LP bought a new position in Huntington Bancshares in the 4th quarter valued at about $8,545,000. Meeder Advisory Services Inc. raised its position in shares of Huntington Bancshares by 66.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 37,119 shares of the bank’s stock worth $604,000 after buying an additional 14,758 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $5,140,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of research analyst reports. Robert W. Baird upgraded shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Friday, March 7th. Baird R W raised Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stephens reaffirmed an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a report on Friday, February 7th. Finally, StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.94.

Huntington Bancshares Stock Down 1.7 %

Shares of Huntington Bancshares stock opened at $12.49 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1 year low of $11.92 and a 1 year high of $18.45. The stock has a 50-day moving average price of $15.51 and a 200 day moving average price of $16.09. The company has a market cap of $18.24 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.27 earnings per share. As a group, 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 was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Insider Buying and Selling

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the transaction, the vice president now directly owns 47,950 shares of the company’s stock, valued at $731,237.50. This represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott D. Kleinman sold 69,088 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now owns 453,129 shares of the company’s stock, valued at approximately $6,647,402.43. This represents a 13.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,781 shares of company stock worth $1,631,151. Corporate insiders own 0.89% of the company’s stock.

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.