Teachers Advisors LLC boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,737,456 shares of the bank’s stock after acquiring an additional 1,723,377 shares during the quarter. Teachers Advisors LLC owned about 0.72% of Huntington Bancshares worth $112,657,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kovack Advisors Inc. acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $147,000. ClariVest Asset Management LLC raised its position in shares of Huntington Bancshares by 53.4% during the 3rd quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after acquiring an additional 3,900 shares in the last quarter. Mariner Wealth Advisors LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $158,000. Signition LP acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $171,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
A number of research analysts recently commented on the company. BidaskClub downgraded Huntington Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company 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 objective for the company. in a research note on Wednesday, January 24th. Barclays upped their price objective on Huntington Bancshares from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $16.25 price objective on shares of Huntington Bancshares in a research note on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Huntington Bancshares has a consensus rating of “Buy” and a consensus target price of $16.76.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $0.18 earnings per share. equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, March 16th. Huntington Bancshares’s dividend payout ratio is 44.00%.
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Huntington Bancshares Profile
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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