International Assets Investment Management LLC Buys Shares of 10,364 Huntington Bancshares Incorporated (NASDAQ:HBAN)

International Assets Investment Management LLC purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 10,364 shares of the bank’s stock, valued at approximately $168,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HBAN. Asset Dedication LLC boosted its holdings in Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,202 shares during the period. Peoples Bank KS acquired a new stake in shares of Huntington Bancshares during the third quarter worth about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares in the third quarter valued at approximately $31,000. Fortitude Family Office LLC acquired a new position in shares of Huntington Bancshares in the third quarter valued at approximately $32,000. Finally, UMB Bank n.a. increased its stake in Huntington Bancshares by 19.1% during the 3rd quarter. UMB Bank n.a. now owns 4,545 shares of the bank’s stock worth $67,000 after buying an additional 728 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Activity

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. This represents a 5.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,699 shares of company stock valued at $757,356. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Stock Up 2.3 %

Shares of Huntington Bancshares stock opened at $16.59 on Wednesday. Huntington Bancshares Incorporated has a 1 year low of $12.02 and a 1 year high of $18.44. The company has a market cap of $24.10 billion, a P/E ratio of 15.95, a P/E/G ratio of 3.42 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $17.07 and a 200 day moving average price of $15.38.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $0.36 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.74%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI increased their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Piper Sandler lifted their price objective on Huntington Bancshares from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods lifted 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 note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.76.

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.