Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,174,283 shares of the bank’s stock after selling 282,845 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of Huntington Bancshares worth $149,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Huntington Bancshares by 11.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 77,732 shares of the bank’s stock valued at $1,143,000 after buying an additional 7,976 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Huntington Bancshares by 49.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 199,377 shares of the bank’s stock valued at $2,931,000 after buying an additional 65,728 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Huntington Bancshares by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 168,602 shares of the bank’s stock valued at $2,478,000 after buying an additional 11,450 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Huntington Bancshares by 17.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,116 shares of the bank’s stock valued at $693,000 after buying an additional 7,109 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Huntington Bancshares by 19.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 11,618 shares of the bank’s stock valued at $171,000 after buying an additional 1,883 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 1.6 %

Shares of NASDAQ:HBAN opened at $16.47 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 52-week low of $12.05 and a 52-week high of $18.44. The company has a 50 day moving average of $16.65 and a two-hundred day moving average of $16.04. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data 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 net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.76%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 50.41%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HBAN. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group raised their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Barclays lifted their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.06.

About Huntington Bancshares

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.