Franklin Resources Inc. Has $27.07 Million Holdings in Huntington Bancshares Incorporated (HBAN)
Franklin Resources Inc. cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,859,160 shares of the bank’s stock after selling 9,100 shares during the quarter. Franklin Resources Inc. owned approximately 0.17% of Huntington Bancshares worth $27,069,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Schroder Investment Management Group lifted its holdings in Huntington Bancshares by 16.8% in the fourth quarter. Schroder Investment Management Group now owns 22,882 shares of the bank’s stock valued at $333,000 after acquiring an additional 3,298 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Huntington Bancshares by 3.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 104,776 shares of the bank’s stock valued at $1,526,000 after acquiring an additional 3,700 shares during the period. ClariVest Asset Management LLC lifted its holdings in Huntington Bancshares by 53.4% in the third quarter. ClariVest Asset Management LLC now owns 11,200 shares of the bank’s stock valued at $156,000 after acquiring an additional 3,900 shares during the period. Endurance Wealth Management Inc. raised its stake in shares of Huntington Bancshares by 0.6% during the 4th quarter. Endurance Wealth Management Inc. now owns 838,303 shares of the bank’s stock worth $12,206,000 after buying an additional 5,174 shares during the period. Finally, Advisor Group Inc. raised its stake in shares of Huntington Bancshares by 6.5% during the 4th quarter. Advisor Group Inc. now owns 84,620 shares of the bank’s stock worth $1,233,000 after buying an additional 5,180 shares during the period. 73.91% of the stock is owned by institutional investors.
Huntington Bancshares stock opened at $15.88 on Thursday. Huntington Bancshares Incorporated has a 52 week low of $12.14 and a 52 week high of $16.60. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $17,449.98, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.20 and a beta of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, March 16th. Huntington Bancshares’s payout ratio is currently 44.00%.
Several brokerages have recently weighed in on HBAN. UBS began coverage on Huntington Bancshares in a research note on Wednesday. They set a “buy” rating for the company. BidaskClub raised Huntington Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. JPMorgan Chase & Co. upped their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.25 target price on shares of Huntington Bancshares in a research note on Friday, December 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 target price on shares of Huntington Bancshares in a research note on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.76.
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Huntington Bancshares Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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