Healthcare of Ontario Pension Plan Trust Fund Has $131.06 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,553,963 shares of the bank’s stock after purchasing an additional 1,151,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Huntington Bancshares were worth $131,061,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sagespring Wealth Partners LLC raised its position in shares of Huntington Bancshares by 2.4% in the 4th quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock valued at $438,000 after acquiring an additional 587 shares during the period. MCF Advisors LLC raised its position in shares of Huntington Bancshares by 12.6% in the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after acquiring an additional 609 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Huntington Bancshares by 4.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock valued at $292,000 after acquiring an additional 694 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Huntington Bancshares by 0.4% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 189,963 shares of the bank’s stock valued at $3,296,000 after acquiring an additional 700 shares during the period. Finally, Glenmede Investment Management LP raised its position in shares of Huntington Bancshares by 1.7% in the 3rd quarter. Glenmede Investment Management LP now owns 43,702 shares of the bank’s stock valued at $755,000 after acquiring an additional 728 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Barclays downgraded shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. DA Davidson dropped their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Thursday, April 23rd. Finally, Wolfe Research dropped their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $20.10.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III purchased 11,127 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $16.50 per share, with a total value of $183,595.50. Following the purchase, the director directly owned 11,127 shares of the company’s stock, valued at $183,595.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have purchased 33,500 shares of company stock worth $617,542. 0.67% of the stock is owned by company insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.52 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $35.52 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. The company’s 50 day moving average price is $16.29 and its two-hundred day moving average price is $16.83. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, topping the consensus estimate of $0.16 by $0.21. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same period last year, the company posted $0.34 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 17th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

About Huntington Bancshares

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.