Barclays PLC Grows Position in Huntington Bancshares Incorporated $HBAN

Barclays PLC boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 48.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,055,709 shares of the bank’s stock after purchasing an additional 3,302,057 shares during the period. Barclays PLC’s holdings in Huntington Bancshares were worth $174,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Aigen Investment Management LP lifted its position in Huntington Bancshares by 181.8% during the fourth quarter. Aigen Investment Management LP now owns 239,866 shares of the bank’s stock valued at $4,162,000 after purchasing an additional 154,756 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Huntington Bancshares by 2.9% in the fourth quarter. Kestra Advisory Services LLC now owns 668,117 shares of the bank’s stock valued at $11,592,000 after acquiring an additional 18,872 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Huntington Bancshares by 2,458.7% in the fourth quarter. Marshall Wace LLP now owns 4,516,068 shares of the bank’s stock valued at $78,354,000 after acquiring an additional 4,339,571 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Huntington Bancshares by 23.4% in the fourth quarter. UMB Bank n.a. now owns 7,631 shares of the bank’s stock valued at $132,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Huntington Bancshares by 9.9% in the fourth quarter. Stifel Financial Corp now owns 1,087,701 shares of the bank’s stock valued at $18,872,000 after acquiring an additional 98,258 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Huntington Bancshares news, Director James D. Rollins III bought 11,127 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $16.50 per share, for a total transaction of $183,595.50. Following the completion of the transaction, the director directly owned 11,127 shares of the company’s stock, valued at approximately $183,595.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 33,500 shares of company stock worth $617,542 in the last ninety days. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HBAN shares. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Thursday, April 23rd. DA Davidson lowered their price objective on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Wolfe Research lowered their price objective on Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Truist Financial lowered their price objective on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Jefferies Financial Group boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Trading Down 1.8%

Shares of NASDAQ HBAN opened at $17.21 on Tuesday. The business’s 50 day moving average is $16.32 and its two-hundred day moving average is $16.85. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares Incorporated has a 1-year low of $14.89 and a 1-year high of $19.45. The stock has a market capitalization of $34.89 billion, a P/E ratio of 13.24, a PEG ratio of 0.80 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, June 17th. Huntington Bancshares’s payout ratio is 47.69%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.