Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,988 shares of the bank’s stock after selling 1,005 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Huntington Bancshares were worth $341,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in Huntington Bancshares during the 2nd quarter valued at approximately $992,000. AXA S.A. increased its stake in shares of Huntington Bancshares by 113.2% in the second quarter. AXA S.A. now owns 93,089 shares of the bank’s stock worth $1,227,000 after buying an additional 49,425 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Huntington Bancshares by 14.2% during the 2nd quarter. Mackenzie Financial Corp now owns 142,805 shares of the bank’s stock worth $1,882,000 after acquiring an additional 17,804 shares in the last quarter. Creative Planning increased its position in shares of Huntington Bancshares by 15.0% in the 2nd quarter. Creative Planning now owns 268,864 shares of the bank’s stock worth $3,544,000 after purchasing an additional 35,046 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Huntington Bancshares by 7.0% in the 2nd quarter. NewEdge Advisors LLC now owns 216,807 shares of the bank’s stock valued at $2,858,000 after purchasing an additional 14,146 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 0.3 %

Huntington Bancshares stock opened at $17.17 on Thursday. The company’s 50-day moving average price is $16.98 and its two-hundred day moving average price is $15.69. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.39 and a beta of 1.07. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the previous year, the business earned $0.27 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.4 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. Investors of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.61%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HBAN. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up previously from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. Finally, Evercore ISI raised their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.06.

Insiders Place Their Bets

In related news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares of the company’s stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

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.