Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 47.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 501,881 shares of the bank’s stock after purchasing an additional 160,867 shares during the quarter. American Century Companies Inc.’s holdings in Huntington Bancshares were worth $5,220,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HBAN. Tyler Stone Wealth Management purchased a new position in shares of Huntington Bancshares in the 2nd quarter worth $25,000. Clear Street Markets LLC raised its position in Huntington Bancshares by 81.6% in the first quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,272 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in Huntington Bancshares in the third quarter valued at about $35,000. Sunbelt Securities Inc. purchased a new position in Huntington Bancshares in the first quarter valued at about $35,000. Finally, Baker Avenue Asset Management LP raised its position in Huntington Bancshares by 31.8% in the third quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after purchasing an additional 963 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on HBAN. StockNews.com lowered Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $15.50 in a research report on Tuesday, February 27th. The Goldman Sachs Group lifted their target price on Huntington Bancshares from $12.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Citigroup lifted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Evercore ISI raised Huntington Bancshares from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $10.50 to $15.00 in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.66.

Huntington Bancshares Stock Performance

HBAN opened at $13.79 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $9.13 and a twelve month high of $13.80. The stock has a market cap of $20.00 billion, a PE ratio of 11.12 and a beta of 1.09. The business’s 50 day moving average is $12.98 and its 200-day moving average is $11.78. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be issued a $0.155 dividend. The ex-dividend date is Friday, March 15th. This represents a $0.62 annualized dividend and a dividend yield of 4.50%. Huntington Bancshares’s dividend payout ratio is currently 50.00%.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at $7,483,483.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,241 shares of company stock valued at $1,360,359. Corporate insiders own 0.92% of the company’s stock.

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.