Apollon Wealth Management LLC Has $171,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Apollon Wealth Management LLC cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 33.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,508 shares of the bank’s stock after selling 5,282 shares during the period. Apollon Wealth Management LLC’s holdings in Huntington Bancshares were worth $171,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its holdings in shares of 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 period. Fortitude Family Office LLC bought a new stake in Huntington Bancshares in the third quarter valued at approximately $32,000. Asset Dedication LLC lifted its position in shares of Huntington Bancshares by 70.0% in the fourth quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after buying an additional 1,260 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $58,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $73,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Up 0.7 %

HBAN opened at $16.73 on Friday. 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 Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.41 and a beta of 1.07. The company has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $15.87.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.27 EPS. Analysts predict that Huntington Bancshares Incorporated will post 1.4 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued 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 dividend yield of 3.71%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 50.41%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HBAN shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. 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 report on Monday, January 6th. StockNews.com raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, Evercore ISI increased their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One 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. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

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.