Brandywine Global Investment Management LLC acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 713,204 shares of the bank’s stock, valued at approximately $10,385,000. Brandywine Global Investment Management LLC owned approximately 0.07% of Huntington Bancshares as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Advisor Group Inc. lifted its holdings in Huntington Bancshares by 6.5% during the 4th quarter. Advisor Group Inc. now owns 84,620 shares of the bank’s stock worth $1,233,000 after buying an additional 5,180 shares in the last quarter. Dynamic Capital Management Ltd acquired a new position in Huntington Bancshares during the 4th quarter worth $514,000. Driehaus Capital Management LLC lifted its stake in shares of Huntington Bancshares by 19.7% in the 4th quarter. Driehaus Capital Management LLC now owns 394,612 shares of the bank’s stock valued at $5,746,000 after purchasing an additional 64,812 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Huntington Bancshares by 14.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 7,607,752 shares of the bank’s stock valued at $110,769,000 after purchasing an additional 962,059 shares during the period. Finally, Profund Advisors LLC lifted its stake in shares of Huntington Bancshares by 70.0% in the 4th quarter. Profund Advisors LLC now owns 67,808 shares of the bank’s stock valued at $987,000 after purchasing an additional 27,910 shares during the period. 74.07% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on HBAN. BidaskClub downgraded Huntington Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, January 9th. Hilliard Lyons downgraded Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 price target on the stock. in a research note on Wednesday, January 24th. Barclays increased their price target on Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.25 price target on shares of Huntington Bancshares in a research note on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus price target of $16.76.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 27.84%. During the same quarter last year, the business posted $0.18 EPS. analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.70%. The ex-dividend date is Friday, March 16th. Huntington Bancshares’s payout ratio is presently 50.57%.
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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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