Kintegral Advisory LLC Lowers Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Kintegral Advisory LLC lessened its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 153,367 shares of the bank’s stock after selling 7,144 shares during the quarter. Kintegral Advisory LLC’s holdings in Huntington Bancshares were worth $2,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HBAN. Blue Trust Inc. raised its stake in Huntington Bancshares by 77.4% during the 3rd quarter. Blue Trust Inc. now owns 20,974 shares of the bank’s stock valued at $308,000 after purchasing an additional 9,152 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Huntington Bancshares by 11.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 77,732 shares of the bank’s stock valued at $1,143,000 after buying an additional 7,976 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of Huntington Bancshares by 18.0% during the third quarter. Foundations Investment Advisors LLC now owns 27,904 shares of the bank’s stock valued at $410,000 after buying an additional 4,257 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Huntington Bancshares by 5.1% in the third quarter. IFM Investors Pty Ltd now owns 305,394 shares of the bank’s stock worth $4,489,000 after buying an additional 14,928 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Huntington Bancshares by 1,277.0% during the third quarter. Assenagon Asset Management S.A. now owns 747,545 shares of the bank’s stock worth $10,989,000 after acquiring an additional 693,258 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $16.15 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.36 and a beta of 1.07. The firm’s 50-day moving average is $16.68 and its 200 day moving average is $15.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share 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 business earned $0.27 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Huntington Bancshares from $16.00 to $19.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Barclays lifted their target price on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $20.00 price target on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Truist Financial lifted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Huntington Bancshares Company 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.