Huntington Bancshares Incorporated $HBAN Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 554,208 shares of the bank’s stock after buying an additional 51,189 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Huntington Bancshares were worth $9,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Altrius Capital Management Inc acquired a new stake in Huntington Bancshares in the 3rd quarter valued at approximately $4,894,000. Vanguard Group Inc. increased its holdings in Huntington Bancshares by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after purchasing an additional 680,601 shares during the last quarter. Midwest Trust Co increased its holdings in Huntington Bancshares by 12.7% in the 3rd quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock valued at $26,095,000 after purchasing an additional 170,240 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Huntington Bancshares by 3.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock valued at $159,543,000 after purchasing an additional 314,544 shares during the last quarter. Finally, Fieldview Capital Management LLC increased its holdings in Huntington Bancshares by 15.9% in the 3rd quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock valued at $8,270,000 after purchasing an additional 65,828 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the subject of several research reports. Jefferies Financial Group lifted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, April 24th. Evercore dropped their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, April 6th. The Goldman Sachs Group dropped their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. dropped their target price on shares of Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Truist Financial dropped their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.05.

Insiders Place Their Bets

In other Huntington Bancshares news, Director James D. Rollins III purchased 8,471 shares of the company’s stock in a transaction on Monday, April 27th. The stock was acquired at an average price of $18.01 per share, for a total transaction of $152,562.71. Following the completion of the purchase, the director directly owned 11,500 shares in the company, valued at approximately $207,115. The trade was a 279.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Prashant Nateri sold 10,171 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $15.50, for a total transaction of $157,650.50. Following the completion of the transaction, the insider owned 83,819 shares of the company’s stock, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 12,712 shares of company stock worth $246,438 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $16.23 on Wednesday. The company has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $16.77. The company has a market cap of $32.90 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.73 and a beta of 0.94. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly 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 business had revenue of $2.59 billion during 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 quarter in the previous year, the firm posted $0.34 earnings per share. As a group, equities analysts anticipate 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. Shareholders of record on Wednesday, June 17th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. Huntington Bancshares’s 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.