Dynasty Wealth Management LLC Trims Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Dynasty Wealth Management LLC lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,968 shares of the bank’s stock after selling 3,535 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Huntington Bancshares were worth $1,594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp lifted its position in Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock valued at $1,179,319,000 after acquiring an additional 7,439,909 shares during the period. FMR LLC increased its stake in shares of Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock valued at $348,672,000 after purchasing an additional 3,410,597 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock worth $298,682,000 after purchasing an additional 2,363,988 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Huntington Bancshares by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock worth $921,778,000 after buying an additional 1,522,767 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Huntington Bancshares by 37.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,402,801 shares of the bank’s stock worth $64,721,000 after purchasing an additional 1,199,012 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.9 %

Shares of NASDAQ:HBAN opened at $16.21 on Friday. The firm has a fifty day moving average price of $16.64 and a 200 day moving average price of $16.02. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market cap of $23.57 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.33 and a beta of 1.07. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the previous year, the firm posted $0.27 EPS. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HBAN shares. The Goldman Sachs Group raised their price objective on shares of Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Barclays boosted their price target on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their target price on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens reissued an “equal weight” rating and set a $18.50 price objective on shares of Huntington Bancshares in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.06.

About Huntington Bancshares

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.