Arkadios Wealth Advisors increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1,454.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 11,860 shares of the bank’s stock after buying an additional 11,097 shares during the period. Arkadios Wealth Advisors’ holdings in Huntington Bancshares were worth $186,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of HBAN. Price T Rowe Associates Inc. MD lifted its position in Huntington Bancshares by 98.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,838,607 shares of the bank’s stock worth $301,082,000 after buying an additional 11,831,336 shares in the last quarter. Norges Bank acquired a new position in Huntington Bancshares during the 4th quarter worth about $135,258,000. Nuveen Asset Management LLC lifted its position in Huntington Bancshares by 160.5% during the 4th quarter. Nuveen Asset Management LLC now owns 8,812,974 shares of the bank’s stock worth $111,308,000 after buying an additional 5,429,296 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Huntington Bancshares by 10.9% during the 4th quarter. JPMorgan Chase & Co. now owns 31,598,310 shares of the bank’s stock worth $399,088,000 after buying an additional 3,097,955 shares in the last quarter. Finally, KAMES CAPITAL plc acquired a new position in Huntington Bancshares during the 4th quarter worth about $34,949,000. Institutional investors and hedge funds own 72.59% of the company’s stock.
HBAN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Huntington Bancshares from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, April 1st. Zacks Investment Research downgraded shares of Huntington Bancshares from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research report on Monday, February 8th. Raymond James upped their target price on shares of Huntington Bancshares from $15.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, March 30th. Piper Sandler upgraded shares of Huntington Bancshares from a “neutral” rating to an “overweight” rating and upped their target price for the company from $13.50 to $15.00 in a research report on Tuesday, January 5th. Finally, Morgan Stanley upped their target price on shares of Huntington Bancshares from $17.25 to $18.50 and gave the company an “equal weight” rating in a research report on Wednesday, March 24th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $14.36.
Shares of NASDAQ:HBAN opened at $15.34 on Tuesday. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 3.26 and a beta of 1.47. The firm’s 50 day simple moving average is $15.82 and its 200 day simple moving average is $13.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.91 and a quick ratio of 0.90. Huntington Bancshares Incorporated has a fifty-two week low of $6.99 and a fifty-two week high of $16.91.
Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, April 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.16. Huntington Bancshares had a return on equity of 7.70% and a net margin of 15.34%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business earned $0.03 EPS. Huntington Bancshares’s revenue for the quarter was up 18.8% compared to the same quarter last year. Equities research analysts expect that Huntington Bancshares Incorporated will post 0.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Thursday, June 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, June 16th. This represents a $0.60 dividend on an annualized basis and a yield of 3.91%. Huntington Bancshares’s payout ratio is 47.24%.
Huntington Bancshares Profile
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio, with $123 billion of assets and a network of 839 branches, including 11 Private Client Group offices, and 1,322 ATMs across seven Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust, and insurance services.
Featured Story: Is it Safe to Invest in Commodities?
Want to see what other hedge funds are holding HBAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Bancshares Incorporated (NASDAQ:HBAN).
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.