Royal London Asset Management Ltd. Buys 24,802 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Royal London Asset Management Ltd. lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,030,291 shares of the bank’s stock after purchasing an additional 24,802 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Huntington Bancshares were worth $13,105,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. grew its stake in Huntington Bancshares by 5.8% during the fourth quarter. Mather Group LLC. now owns 15,391 shares of the bank’s stock worth $196,000 after buying an additional 837 shares during the last quarter. Financial Advocates Investment Management increased its holdings in Huntington Bancshares by 5.9% during the 4th quarter. Financial Advocates Investment Management now owns 15,325 shares of the bank’s stock valued at $195,000 after purchasing an additional 856 shares in the last quarter. Blue Trust Inc. boosted its stake in Huntington Bancshares by 12.0% in the fourth quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after purchasing an additional 904 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Huntington Bancshares by 23.3% in the fourth quarter. Hexagon Capital Partners LLC now owns 5,021 shares of the bank’s stock worth $64,000 after purchasing an additional 949 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings in shares of Huntington Bancshares by 31.8% during the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity at Huntington Bancshares

In other news, VP Brantley J. Standridge sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total transaction of $680,000.00. Following the sale, the vice president now owns 385,409 shares of the company’s stock, valued at $5,241,562.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Huntington Bancshares news, insider Helga Houston sold 7,278 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $13.64, for a total transaction of $99,271.92. Following the completion of the transaction, the insider now owns 648,904 shares in the company, valued at approximately $8,851,050.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Brantley J. Standridge sold 50,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares in the company, valued at $5,241,562.40. The disclosure for this sale can be found here. Insiders sold a total of 157,829 shares of company stock worth $2,148,623 in the last quarter. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on HBAN shares. UBS Group reduced their price target on shares of Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 price target on shares of Huntington Bancshares in a research note on Tuesday, June 11th. Piper Sandler cut shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $13.50 to $11.50 in a research report on Friday. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, Morgan Stanley dropped their target price on Huntington Bancshares from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.13.

Check Out Our Latest Stock Analysis on Huntington Bancshares

Huntington Bancshares Trading Up 0.2 %

HBAN traded up $0.03 during midday trading on Friday, reaching $12.37. 27,766,964 shares of the company were exchanged, compared to its average volume of 14,806,422. The stock has a market capitalization of $17.93 billion, a P/E ratio of 11.14, a PEG ratio of 2.29 and a beta of 1.08. Huntington Bancshares Incorporated has a one year low of $9.25 and a one year high of $14.30. The stock’s 50-day simple moving average is $13.57 and its 200 day simple moving average is $13.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last released its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm earned $0.38 EPS. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 55.86%.

Huntington Bancshares Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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