Mather Group LLC. Increases Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mather Group LLC. boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,697 shares of the bank’s stock after buying an additional 1,739 shares during the period. Mather Group LLC.’s holdings in Huntington Bancshares were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Asset Dedication LLC lifted its stake in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after purchasing an additional 1,202 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares during the third quarter valued at $31,000. Fortitude Family Office LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $32,000. Crews Bank & Trust purchased a new stake in shares of Huntington Bancshares in the 4th quarter worth about $58,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Huntington Bancshares in the 4th quarter worth about $73,000. 80.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at approximately $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.16 on Friday. The stock’s 50 day simple moving average is $16.87 and its two-hundred day simple moving average is $15.79. Huntington Bancshares Incorporated has a 1 year low of $12.05 and a 1 year high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $24.93 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the company earned $0.27 earnings per share. As a group, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.61%. Huntington Bancshares’s payout ratio is currently 50.41%.

Analysts Set New Price Targets

HBAN has been the topic of several research reports. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI increased their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays raised their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, DA Davidson upped their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

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.