Allspring Global Investments Holdings LLC Has $912,000 Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Allspring Global Investments Holdings LLC trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,720 shares of the bank’s stock after selling 9,155 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Huntington Bancshares were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. lifted its position in Huntington Bancshares by 12.0% in the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock valued at $108,000 after acquiring an additional 904 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of 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 in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Huntington Bancshares by 8.9% during the third quarter. Ausdal Financial Partners Inc. now owns 12,217 shares of the bank’s stock valued at $127,000 after buying an additional 1,000 shares during the last quarter. KRS Capital Management LLC grew its holdings in Huntington Bancshares by 4.3% during the fourth quarter. KRS Capital Management LLC now owns 24,614 shares of the bank’s stock worth $313,000 after buying an additional 1,022 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Huntington Bancshares by 3.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 28,871 shares of the bank’s stock valued at $300,000 after acquiring an additional 1,031 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Julie C. Tutkovics sold 15,541 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total value of $197,059.88. Following the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Helga Houston sold 28,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock worth $1,360,359 over the last ninety days. 0.92% of the stock is owned by corporate insiders.

Huntington Bancshares Trading Up 0.7 %

HBAN opened at $13.63 on Wednesday. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $13.31 and a two-hundred day simple moving average of $12.21. The firm has a market capitalization of $19.76 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.47 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. Analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, June 17th. Huntington Bancshares’s payout ratio is presently 55.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HBAN. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. Evercore ISI increased their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Citigroup boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Raymond James increased their price target on Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 26th. Finally, Royal Bank of Canada lifted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.17.

Huntington Bancshares 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.