HPM Partners LLC lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,532 shares of the bank’s stock after selling 8,266 shares during the quarter. HPM Partners LLC’s holdings in Huntington Bancshares were worth $2,760,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Kovack Advisors Inc. acquired a new stake in Huntington Bancshares in the fourth quarter worth about $147,000. Mariner Wealth Advisors LLC purchased a new position in shares of Huntington Bancshares in the fourth quarter worth about $158,000. ClariVest Asset Management LLC raised its stake in shares of Huntington Bancshares by 53.4% in the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock worth $156,000 after purchasing an additional 3,900 shares during the last quarter. Signition LP purchased a new position in shares of Huntington Bancshares in the fourth quarter worth about $171,000. Finally, CIBC World Markets Inc. purchased a new position in shares of Huntington Bancshares in the fourth quarter worth about $201,000. 74.07% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on HBAN shares. BidaskClub upgraded Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Sandler O’Neill restated a “buy” rating and issued a $18.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. Vining Sparks restated a “buy” rating and issued a $19.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 23rd. Piper Jaffray Companies restated a “buy” rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, January 9th. Finally, Bank of America raised their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Huntington Bancshares presently has a consensus rating of “Buy” and a consensus target price of $16.76.
Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same period in the previous year, the business earned $0.18 earnings per share. equities analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, March 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 44.00%.
About Huntington Bancshares
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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