Allworth Financial LP Grows Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Allworth Financial LP boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 39.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,258 shares of the bank’s stock after acquiring an additional 2,042 shares during the period. Allworth Financial LP’s holdings in Huntington Bancshares were worth $122,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in HBAN. Allspring Global Investments Holdings LLC grew its stake in shares of Huntington Bancshares by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 77,732 shares of the bank’s stock valued at $1,143,000 after buying an additional 7,976 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Huntington Bancshares by 5.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 305,394 shares of the bank’s stock valued at $4,489,000 after buying an additional 14,928 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Huntington Bancshares by 1,277.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 747,545 shares of the bank’s stock valued at $10,989,000 after buying an additional 693,258 shares during the period. Dakota Wealth Management grew its stake in shares of Huntington Bancshares by 7.4% during the 3rd quarter. Dakota Wealth Management now owns 15,225 shares of the bank’s stock valued at $224,000 after buying an additional 1,045 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Huntington Bancshares by 4.7% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 49,479 shares of the bank’s stock valued at $727,000 after buying an additional 2,239 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

HBAN opened at $16.15 on Monday. The company has a 50-day moving average of $16.68 and a 200-day moving average of $15.98. The company has a market capitalization of $23.48 billion, a P/E ratio of 13.13, a PEG ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating 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 firm posted $0.27 earnings per share. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.84%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HBAN shares. Citigroup boosted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 target price (up previously from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Barclays lifted their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Piper Sandler reduced their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.06.

Huntington Bancshares Company 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.