Wealth Enhancement Advisory Services LLC Has $3.29 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202,309 shares of the bank’s stock after purchasing an additional 2,932 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Huntington Bancshares were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HBAN. Acadian Asset Management LLC lifted its holdings in Huntington Bancshares by 19.4% during the second quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock worth $426,000 after acquiring an additional 5,262 shares in the last quarter. Choreo LLC acquired a new stake in shares of Huntington Bancshares during the second quarter worth about $428,000. American Century Companies Inc. lifted its holdings in shares of Huntington Bancshares by 15.9% during the 2nd quarter. American Century Companies Inc. now owns 1,508,509 shares of the bank’s stock valued at $19,882,000 after purchasing an additional 207,328 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Huntington Bancshares by 43.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 839,162 shares of the bank’s stock valued at $10,667,000 after purchasing an additional 252,916 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Huntington Bancshares by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock worth $208,346,000 after purchasing an additional 561,565 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $16.59 on Wednesday. The firm’s fifty day moving average price is $17.07 and its two-hundred day moving average price is $15.38. Huntington Bancshares Incorporated has a 1 year low of $12.02 and a 1 year high of $18.44. The firm has a market capitalization of $24.10 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the firm earned $0.36 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.155 per share. The ex-dividend date was Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.74%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HBAN shares. Sandler O’Neill reiterated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Truist Financial began coverage on shares of Huntington Bancshares in a research note on Tuesday, January 7th. They issued a “buy” rating and a $19.00 target price for the company. Barclays lifted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Citigroup upped their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.76.

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.