Baird Financial Group Inc. grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 200,682 shares of the bank’s stock after acquiring an additional 14,105 shares during the period. Baird Financial Group Inc.’s holdings in Huntington Bancshares were worth $2,922,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in HBAN. Capital International Investors lifted its position in shares of Huntington Bancshares by 13.2% during the 3rd quarter. Capital International Investors now owns 49,719,215 shares of the bank’s stock valued at $694,080,000 after acquiring an additional 5,800,000 shares during the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $23,872,000. Maltese Capital Management LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $15,496,000. Bank of Montreal Can lifted its position in shares of Huntington Bancshares by 24.2% during the 4th quarter. Bank of Montreal Can now owns 5,274,916 shares of the bank’s stock valued at $76,802,000 after acquiring an additional 1,027,377 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Huntington Bancshares by 19.6% during the 4th quarter. Wells Fargo & Company MN now owns 4,610,414 shares of the bank’s stock valued at $67,128,000 after acquiring an additional 754,308 shares during the last quarter. Institutional investors own 74.09% of the company’s stock.
Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $15.70 on Thursday. Huntington Bancshares Incorporated has a one year low of $12.14 and a one year high of $16.53. 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 firm has a market cap of $16,830.00, a price-to-earnings ratio of 18.05, a PEG ratio of 1.21 and a beta of 1.35.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 19th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Friday, March 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.57%.
Several brokerages have issued reports on HBAN. BidaskClub downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, January 9th. Hilliard Lyons downgraded shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research note on Wednesday, January 24th. Barclays boosted their target price on shares of Huntington Bancshares from $14.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $16.25 target price on shares of Huntington Bancshares in a research note on Friday, December 22nd. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $16.76.
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Huntington Bancshares Company 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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