Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,899 shares of the bank’s stock after acquiring an additional 960 shares during the period. New York Life Investment Management LLC’s holdings in Huntington Bancshares were worth $3,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HBAN. Wealth Enhancement Advisory Services LLC lifted its position in shares of Huntington Bancshares by 49.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 199,377 shares of the bank’s stock valued at $2,931,000 after acquiring an additional 65,728 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of Huntington Bancshares by 17.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,116 shares of the bank’s stock worth $693,000 after purchasing an additional 7,109 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Huntington Bancshares by 19.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,618 shares of the bank’s stock worth $171,000 after purchasing an additional 1,883 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $180,000. Finally, Confluence Wealth Services Inc. raised its position in shares of Huntington Bancshares by 14.7% during the 3rd quarter. Confluence Wealth Services Inc. now owns 31,048 shares of the bank’s stock worth $456,000 after purchasing an additional 3,988 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 1.6 %

Shares of NASDAQ HBAN opened at $16.47 on Friday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The firm has a fifty day moving average of $16.65 and a 200-day moving average of $16.06. The stock has a market capitalization of $23.94 billion, a PE ratio of 13.39, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.76%. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analysts Set New Price Targets

Several research analysts recently issued reports on HBAN shares. Keefe, Bruyette & Woods lifted their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Finally, Barclays lifted their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

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.