Horizon Investments LLC Has $7.42 Million Holdings in Huntington Bancshares Incorporated $HBAN

Horizon Investments LLC lessened its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 427,668 shares of the bank’s stock after selling 39,539 shares during the quarter. Horizon Investments LLC’s holdings in Huntington Bancshares were worth $7,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after purchasing an additional 14,338,222 shares during the last quarter. Junto Capital Management LP bought a new position in shares of Huntington Bancshares in the third quarter worth about $85,690,000. Victory Capital Management Inc. lifted its position in shares of Huntington Bancshares by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after purchasing an additional 4,640,302 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Huntington Bancshares during the 4th quarter worth about $73,333,000. Finally, Squarepoint Ops LLC boosted its stake in Huntington Bancshares by 48.0% during the 3rd quarter. Squarepoint Ops LLC now owns 9,676,829 shares of the bank’s stock valued at $167,119,000 after purchasing an additional 3,138,669 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HBAN shares. Jefferies Financial Group lifted their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Barclays cut Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. The Goldman Sachs Group cut their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $20.05.

Insider Activity

In other news, insider Prashant Nateri sold 10,171 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the completion of the transaction, the insider directly owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This represents a 10.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James D. Rollins III bought 8,471 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average price of $18.01 per share, with a total value of $152,562.71. Following the transaction, the director directly owned 11,500 shares in the company, valued at $207,115. This trade represents a 279.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 39,200 shares of company stock valued at $756,724 and have sold 98,986 shares valued at $1,600,958. 0.67% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Down 0.8%

HBAN opened at $16.63 on Friday. The company has a market capitalization of $33.87 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The firm’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $16.73. Huntington Bancshares Incorporated has a fifty-two week low of $14.78 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.21. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the prior year, the company posted $0.34 EPS. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio is 47.69%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.