Legal & General Group Plc Purchases 57,385 Shares of Huntington Bancshares Incorporated $HBAN

Legal & General Group Plc increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,277,672 shares of the bank’s stock after acquiring an additional 57,385 shares during the quarter. Legal & General Group Plc’s holdings in Huntington Bancshares were worth $160,968,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new position in Huntington Bancshares during the 3rd quarter worth approximately $26,000. South Plains Financial Inc. boosted its stake in Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after acquiring an additional 826 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in Huntington Bancshares by 374.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after acquiring an additional 1,322 shares during the last quarter. AlphaCore Capital LLC bought a new position in Huntington Bancshares during the 3rd quarter worth approximately $33,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in Huntington Bancshares by 403.1% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 2,611 shares of the bank’s stock worth $45,000 after acquiring an additional 2,092 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $16.03 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The firm’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $16.77. The firm has a market cap of $32.49 billion, a P/E ratio of 12.33, a PEG ratio of 0.74 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.21. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.62 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s payout ratio is currently 47.69%.

Analyst Upgrades and Downgrades

HBAN has been the topic of a number of research reports. Truist Financial cut their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. National Bank Financial set a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, February 4th. Jefferies Financial Group lifted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada cut their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Finally, UBS Group set a $21.00 price target on shares of Huntington Bancshares in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.

Insider Transactions at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 65,530 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $15.28, for a total value of $1,001,298.40. Following the sale, the vice president owned 481,676 shares of the company’s stock, valued at $7,360,009.28. The trade was a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Prashant Nateri sold 10,171 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the sale, the insider directly owned 83,819 shares in the company, valued at approximately $1,299,194.50. This represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 25,000 shares of company stock valued at $503,822 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.