Schroder Investment Management Group Grows Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Schroder Investment Management Group grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588,221 shares of the bank’s stock after purchasing an additional 66,937 shares during the quarter. Schroder Investment Management Group’s holdings in Huntington Bancshares were worth $9,606,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. OneAscent Wealth Management LLC acquired a new position in Huntington Bancshares in the 4th quarter worth about $176,000. Allstate Corp acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $699,000. DnB Asset Management AS raised its position in shares of Huntington Bancshares by 12.3% during the 4th quarter. DnB Asset Management AS now owns 262,368 shares of the bank’s stock worth $4,269,000 after purchasing an additional 28,801 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Huntington Bancshares by 35.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 320,975 shares of the bank’s stock valued at $5,222,000 after purchasing an additional 83,523 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Huntington Bancshares by 17.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank’s stock worth $13,832,000 after purchasing an additional 129,106 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HBAN. JPMorgan Chase & Co. decreased their price target on shares of Huntington Bancshares from $18.50 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Citigroup cut their price target on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, March 24th. Morgan Stanley reduced their price target on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Barclays upped their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.94.

Huntington Bancshares Trading Down 6.4 %

NASDAQ HBAN opened at $12.60 on Friday. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45. The firm has a 50 day moving average of $15.79 and a two-hundred day moving average of $16.13. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $18.41 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period last year, the firm earned $0.27 EPS. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend was Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Insider Buying and Selling

In other news, VP Brendan A. Lawlor sold 3,521 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the sale, the vice president now owns 47,950 shares in the company, valued at approximately $731,237.50. The trade was a 6.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now directly owns 335,538 shares in the company, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,781 shares of company stock worth $1,631,151 over the last 90 days. 0.89% of the stock is owned by insiders.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.