California Public Employees Retirement System Has $39.23 Million Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

California Public Employees Retirement System reduced its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,411,266 shares of the bank’s stock after selling 117,810 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Huntington Bancshares worth $39,231,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Arvest Bank Trust Division acquired a new stake in Huntington Bancshares during the third quarter worth about $2,381,000. Mediolanum International Funds Ltd bought a new stake in shares of Huntington Bancshares in the 4th quarter worth approximately $422,000. Donoghue Forlines LLC acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $1,460,000. Franklin Resources Inc. increased its position in shares of Huntington Bancshares by 3.2% during the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank’s stock valued at $27,901,000 after purchasing an additional 55,602 shares during the period. Finally, Czech National Bank raised its stake in shares of Huntington Bancshares by 6.5% in the fourth quarter. Czech National Bank now owns 314,999 shares of the bank’s stock valued at $5,125,000 after purchasing an additional 19,123 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 news, VP Brendan A. Lawlor sold 3,521 shares of Huntington Bancshares stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the transaction, the vice president now directly owns 47,950 shares of the company’s stock, valued at $731,237.50. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the transaction, the chief financial officer now directly owns 335,538 shares of the company’s stock, valued at $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,781 shares of company stock worth $1,631,151 over the last ninety days. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Up 1.7 %

NASDAQ:HBAN opened at $15.21 on Thursday. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. The stock’s fifty day moving average price is $15.95 and its two-hundred day moving average price is $16.16. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the firm earned $0.27 EPS. On average, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analysts Set New Price Targets

Several brokerages have issued reports on HBAN. Keefe, Bruyette & Woods boosted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Robert W. Baird raised Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Friday, March 7th. Finally, Piper Sandler decreased their price target on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.18.

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.