International Private Wealth Advisors LLC Has $361,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

International Private Wealth Advisors LLC lowered its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,547 shares of the bank’s stock after selling 1,108 shares during the period. International Private Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $361,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in shares of Huntington Bancshares by 251,152.2% during the 1st quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock worth $2,417,000 after buying an additional 173,295 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Huntington Bancshares by 53.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock worth $22,577,000 after purchasing an additional 564,729 shares in the last quarter. Heritage Wealth Management Inc. acquired a new position in Huntington Bancshares in the 2nd quarter worth about $744,000. Robeco Institutional Asset Management B.V. increased its holdings in Huntington Bancshares by 40.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock worth $2,837,000 after purchasing an additional 55,865 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Huntington Bancshares by 531.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock worth $15,166,000 after purchasing an additional 968,331 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.1 %

HBAN stock traded up $0.02 during midday trading on Thursday, reaching $17.56. 1,041,703 shares of the company’s stock traded hands, compared to its average volume of 16,048,246. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average price is $15.26 and its 200-day moving average price is $14.27. The company has a market cap of $25.51 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 3.58 and a beta of 1.03. Huntington Bancshares Incorporated has a 52 week low of $10.73 and a 52 week high of $17.97.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the previous year, the company posted $0.36 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.53%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 59.62%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HBAN. Piper Sandler upped their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. Citigroup upped their target price on Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Finally, Barclays increased their price target on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.09.

Insiders Place Their Bets

In related news, insider Helga Houston sold 6,455 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

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.