Asset Management One Co. Ltd. Has $9.15 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Asset Management One Co. Ltd. trimmed its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 558,686 shares of the bank’s stock after selling 4,612 shares during the period. Asset Management One Co. Ltd.’s holdings in Huntington Bancshares were worth $9,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Y.D. More Investments Ltd boosted its position in shares of Huntington Bancshares by 126.8% during the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank’s stock valued at $30,000 after acquiring an additional 1,023 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $32,000. Asset Dedication LLC boosted its position in shares of Huntington Bancshares by 70.0% during the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,260 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $58,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Huntington Bancshares during the 4th quarter valued at about $73,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on HBAN shares. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Barclays boosted their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Stephens restated an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a research report on Friday, February 7th. DA Davidson boosted their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Evercore ISI boosted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Trading Up 0.7 %

HBAN opened at $16.73 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $24.31 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The firm has a 50 day simple moving average of $16.74 and a 200 day simple moving average of $15.89. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping 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 quarter in the prior year, the business earned $0.27 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

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.