SG Americas Securities LLC Purchases 480,907 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

SG Americas Securities LLC increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1,098.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 524,697 shares of the bank’s stock after purchasing an additional 480,907 shares during the quarter. SG Americas Securities LLC’s holdings in Huntington Bancshares were worth $8,537,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HBAN. Asset Dedication LLC raised its stake in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after buying an additional 1,202 shares during the period. Peoples Bank KS bought a new stake in Huntington Bancshares in the 3rd quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new stake in Huntington Bancshares in the 3rd quarter valued at $31,000. Fortitude Family Office LLC bought a new position in Huntington Bancshares during the third quarter worth $32,000. Finally, UMB Bank n.a. increased its holdings in shares of Huntington Bancshares by 19.1% in the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock valued at $67,000 after purchasing an additional 728 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price target on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler decreased their price objective on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average target price of $18.06.

Insiders Place Their Bets

In other news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 0.2 %

Shares of HBAN opened at $16.90 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.43 and a beta of 1.07. The business’s fifty day moving average is $17.01 and its 200-day moving average is $15.56.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping 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 quarter in the prior year, the business earned $0.27 earnings per share. Equities analysts anticipate that Huntington Bancshares Incorporated will post 1.37 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.67%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

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.