Corient Private Wealth LLC Grows Stock Position in Huntington Bancshares Incorporated $HBAN

Corient Private Wealth LLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 755,843 shares of the bank’s stock after purchasing an additional 43,618 shares during the quarter. Corient Private Wealth LLC’s holdings in Huntington Bancshares were worth $13,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in Huntington Bancshares by 5.0% in the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after purchasing an additional 1,366 shares during the period. Woodline Partners LP lifted its stake in Huntington Bancshares by 40.8% during the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after acquiring an additional 35,574 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Huntington Bancshares by 8.3% during the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock valued at $662,000 after acquiring an additional 3,023 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Huntington Bancshares by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock valued at $3,674,000 after purchasing an additional 12,865 shares during the period. Finally, Sei Investments Co. increased its stake in Huntington Bancshares by 6.2% during the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock worth $11,859,000 after buying an additional 41,156 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased 33,500 shares of company stock valued at $617,542 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.44 on Wednesday. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $35.35 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The business’s fifty day moving average price is $16.43 and its 200 day moving average price is $16.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same period in the previous year, the business earned $0.34 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research decreased their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada reduced their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. JPMorgan Chase & Co. decreased their target price on Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded Huntington Bancshares from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.05.

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.