Leo Wealth LLC Purchases Shares of 20,082 Huntington Bancshares Incorporated (NASDAQ:HBAN)

Leo Wealth LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,082 shares of the bank’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HBAN. Boston Partners grew its holdings in Huntington Bancshares by 59.3% during the fourth quarter. Boston Partners now owns 46,642,476 shares of the bank’s stock valued at $593,408,000 after purchasing an additional 17,365,446 shares during the last quarter. Norges Bank acquired a new position in Huntington Bancshares during the fourth quarter valued at approximately $206,703,000. KBC Group NV grew its holdings in Huntington Bancshares by 715.0% during the fourth quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock valued at $54,081,000 after purchasing an additional 3,729,974 shares during the last quarter. Bank of Nova Scotia grew its holdings in Huntington Bancshares by 641.5% during the fourth quarter. Bank of Nova Scotia now owns 2,775,356 shares of the bank’s stock valued at $35,301,000 after purchasing an additional 2,401,067 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Huntington Bancshares during the third quarter valued at approximately $20,004,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 1.4 %

Shares of NASDAQ HBAN opened at $12.39 on Tuesday. The stock has a market cap of $17.96 billion, a PE ratio of 11.16, a PEG ratio of 2.29 and a beta of 1.08. The business has a fifty day moving average of $13.54 and a two-hundred day moving average of $13.10. Huntington Bancshares Incorporated has a 52-week low of $9.25 and a 52-week high of $14.30. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the business earned $0.38 earnings per share. As a group, equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 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 Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.00%. Huntington Bancshares’s dividend payout ratio is 55.86%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HBAN shares. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Stephens restated an “equal weight” rating and issued a $15.00 price objective on shares of Huntington Bancshares in a research note on Monday, April 22nd. DA Davidson upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Piper Sandler downgraded shares of Huntington Bancshares from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $13.50 to $11.50 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.13.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the transaction, the insider now directly owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Zachary Jacob Wasserman sold 30,000 shares of Huntington Bancshares stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total value of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 7,278 shares of Huntington Bancshares stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $13.64, for a total value of $99,271.92. Following the completion of the sale, the insider now owns 648,904 shares of the company’s stock, valued at $8,851,050.56. The disclosure for this sale can be found here. Insiders sold 157,829 shares of company stock valued at $2,148,623 over the last ninety days. 0.92% of the stock is owned by insiders.

About Huntington Bancshares

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.