Dimensional Fund Advisors LP Boosts Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dimensional Fund Advisors LP increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,130,774 shares of the bank’s stock after buying an additional 765,070 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Huntington Bancshares were worth $192,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. Assetmark Inc. boosted its position in shares of Huntington Bancshares by 13.7% during the 3rd quarter. Assetmark Inc. now owns 84,133 shares of the bank’s stock valued at $875,000 after acquiring an additional 10,138 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Huntington Bancshares by 7.3% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 20,554 shares of the bank’s stock valued at $214,000 after buying an additional 1,407 shares during the period. New Mexico Educational Retirement Board increased its holdings in shares of Huntington Bancshares by 7.1% during the 3rd quarter. New Mexico Educational Retirement Board now owns 75,076 shares of the bank’s stock worth $781,000 after buying an additional 5,000 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Huntington Bancshares by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 122,721 shares of the bank’s stock valued at $1,276,000 after buying an additional 7,321 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Huntington Bancshares by 7.6% in the third quarter. Nisa Investment Advisors LLC now owns 316,142 shares of the bank’s stock valued at $3,288,000 after acquiring an additional 22,405 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 30,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the completion of the transaction, the chief financial officer now owns 305,884 shares of the company’s stock, valued at approximately $4,178,375.44. The disclosure for this sale can be found here. Insiders have sold a total of 224,092 shares of company stock worth $3,031,731 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $14.26 on Thursday. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $14.29. The stock has a market capitalization of $20.67 billion, a PE ratio of 12.85, a PEG ratio of 2.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day simple moving average of $13.58 and a 200-day simple moving average of $12.63.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Analyst Upgrades and Downgrades

HBAN has been the subject of several recent analyst reports. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. JPMorgan Chase & Co. upped their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. UBS Group upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.00 in a research report on Wednesday, February 14th. Citigroup upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada boosted their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

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.