O Shaughnessy Asset Management LLC Buys 10,765 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

O Shaughnessy Asset Management LLC raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 241,792 shares of the bank’s stock after acquiring an additional 10,765 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Huntington Bancshares were worth $3,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Huntington Bancshares during the 4th quarter worth $302,826,000. Raymond James Financial Inc. bought a new position in Huntington Bancshares during the fourth quarter worth about $150,444,000. State Street Corp increased its stake in shares of Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock worth $1,179,319,000 after purchasing an additional 7,439,909 shares in the last quarter. Amundi increased its stake in shares of Huntington Bancshares by 26.7% in the fourth quarter. Amundi now owns 17,435,207 shares of the bank’s stock worth $286,460,000 after purchasing an additional 3,671,235 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Huntington Bancshares by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank’s stock valued at $1,056,353,000 after buying an additional 2,218,020 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 1.7 %

HBAN stock opened at $15.21 on Thursday. The company has a market capitalization of $22.22 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.88 and a current ratio of 0.89. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.45. The company’s 50 day moving average price is $15.95 and its two-hundred day moving average price is $16.16.

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 the consensus estimate 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 period in the prior year, the firm earned $0.27 earnings per share. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 annualized dividend and a yield of 4.08%. Huntington Bancshares’s payout ratio is 50.41%.

Wall Street Analysts Forecast Growth

HBAN has been the topic of several recent research reports. Robert W. Baird upgraded Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 target price on the stock in a research report on Friday, March 7th. Keefe, Bruyette & Woods increased their price objective on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. Truist Financial increased their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Baird R W raised shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $18.18.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 3,521 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the sale, the vice president now directly owns 47,950 shares in the company, valued at $731,237.50. This represents a 6.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the completion of the sale, the chief financial officer now directly owns 335,538 shares in the company, valued at approximately $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,781 shares of company stock worth $1,631,151. 0.89% of the stock is currently owned by insiders.

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.