New York State Common Retirement Fund Has $12.97 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

New York State Common Retirement Fund trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 797,022 shares of the bank’s stock after selling 49,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Huntington Bancshares worth $12,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Creative Capital Management Investments LLC lifted its stake in Huntington Bancshares by 17,533.3% in the fourth quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,578 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Huntington Bancshares by 69.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 25,445 shares of the bank’s stock valued at $417,000 after purchasing an additional 10,392 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Huntington Bancshares by 27.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after purchasing an additional 702 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Huntington Bancshares by 15.8% in the fourth quarter. D.A. Davidson & CO. now owns 26,536 shares of the bank’s stock worth $432,000 after purchasing an additional 3,612 shares in the last quarter. Finally, Capital Performance Advisors LLP increased its position in Huntington Bancshares by 8.3% during the fourth quarter. Capital Performance Advisors LLP now owns 12,372 shares of the bank’s stock worth $201,000 after buying an additional 950 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $16.15 on Monday. The stock’s fifty day simple moving average is $16.68 and its 200 day simple moving average is $15.98. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44. The firm has a market cap of $23.48 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same period in the prior year, the company posted $0.27 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HBAN shares. The Goldman Sachs Group upped their price target on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research note 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. Citigroup lifted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price objective (up from $18.50) on shares of Huntington Bancshares in a report on Wednesday, December 4th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.06.

Huntington Bancshares Profile

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.