Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Sei Investments Co.

Sei Investments Co. grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665,682 shares of the bank’s stock after purchasing an additional 11,492 shares during the quarter. Sei Investments Co.’s holdings in Huntington Bancshares were worth $10,831,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Arvest Bank Trust Division acquired a new position in shares of Huntington Bancshares in the third quarter worth about $2,381,000. Mediolanum International Funds Ltd acquired a new position in Huntington Bancshares in the 4th quarter worth about $422,000. Donoghue Forlines LLC purchased a new position in Huntington Bancshares during the fourth quarter worth approximately $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Huntington Bancshares by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock valued at $12,414,000 after purchasing an additional 44,662 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Huntington Bancshares by 3.2% in the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank’s stock valued at $27,901,000 after buying an additional 55,602 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Piper Sandler dropped their price target on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. Truist Financial lifted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Barclays upped their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Stephens reiterated an “equal weight” rating and issued a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. Finally, Citigroup reduced their target price on Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.18.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 38,451 shares of Huntington Bancshares stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the transaction, the chief financial officer now directly owns 335,538 shares of the company’s stock, valued at $4,825,036.44. The trade was a 10.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Brendan A. Lawlor sold 3,521 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the sale, the vice president now directly owns 47,950 shares in the company, valued at $731,237.50. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,781 shares of company stock worth $1,631,151. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

HBAN stock opened at $14.79 on Friday. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.45. The business has a fifty day moving average of $16.07 and a two-hundred day moving average of $16.14. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the company posted $0.27 EPS. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.19%. Huntington Bancshares’s 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.