Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,208,948 shares of the bank’s stock after acquiring an additional 200,525 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Huntington Bancshares worth $19,801,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HBAN. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,202 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,023 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Huntington Bancshares in the 3rd quarter valued at approximately $31,000. Fortitude Family Office LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $32,000. Finally, Crews Bank & Trust acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $58,000. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the sale, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Piper Sandler decreased their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Evercore ISI upped their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their target price 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Huntington Bancshares Stock Up 0.3 %

HBAN stock opened at $16.92 on Thursday. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company’s 50 day moving average price is $16.88 and its 200 day moving average price is $15.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $0.27 EPS. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.155 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.66%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Huntington Bancshares Company 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.