International Assets Investment Management LLC Invests $168,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

International Assets Investment Management LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,364 shares of the bank’s stock, valued at approximately $168,000.

Several other hedge funds also recently modified their holdings of HBAN. State Street Corp grew its stake in shares of Huntington Bancshares by 10.3% in the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock valued at $1,179,319,000 after buying an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Huntington Bancshares by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock worth $921,778,000 after acquiring an additional 1,522,767 shares in the last quarter. Geode Capital Management LLC grew its stake in Huntington Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank’s stock valued at $540,422,000 after acquiring an additional 473,893 shares during the period. FMR LLC increased its holdings in shares of Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock valued at $348,672,000 after acquiring an additional 3,410,597 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Huntington Bancshares by 13.2% during the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock worth $298,682,000 after purchasing an additional 2,363,988 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the subject of a number of analyst reports. DA Davidson lifted their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Evercore ISI increased their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Truist Financial began coverage on Huntington Bancshares in a research report on Tuesday, January 7th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Piper Sandler upped their price target on Huntington Bancshares from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Tuesday, December 3rd. One investment 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.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $17.76.

Insider Transactions at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on 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 directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The transaction 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 Huntington Bancshares stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock valued at $757,356 in the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Price Performance

HBAN opened at $16.59 on Wednesday. The firm has a market capitalization of $24.10 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The business’s 50-day moving average is $17.07 and its two-hundred day moving average is $15.38. Huntington Bancshares Incorporated has a 1 year low of $12.02 and a 1 year high of $18.44.

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

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend 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 presently 59.62%.

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.