Donaldson Capital Management LLC Buys 6,404 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Donaldson Capital Management LLC boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBANGet Rating) by 22.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,467 shares of the bank’s stock after acquiring an additional 6,404 shares during the quarter. Donaldson Capital Management LLC’s holdings in Huntington Bancshares were worth $504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HBAN. Vanguard Group Inc. lifted its position in Huntington Bancshares by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 162,794,916 shares of the bank’s stock worth $2,380,062,000 after buying an additional 2,353,575 shares in the last quarter. BlackRock Inc. increased its stake in shares of Huntington Bancshares by 6.0% during the 1st quarter. BlackRock Inc. now owns 136,897,261 shares of the bank’s stock worth $2,001,438,000 after purchasing an additional 7,774,643 shares during the last quarter. State Street Corp increased its stake in shares of Huntington Bancshares by 2.3% during the 4th quarter. State Street Corp now owns 79,581,973 shares of the bank’s stock worth $1,239,387,000 after purchasing an additional 1,802,869 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Huntington Bancshares by 16.2% during the 4th quarter. JPMorgan Chase & Co. now owns 39,623,451 shares of the bank’s stock worth $610,994,000 after purchasing an additional 5,513,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Huntington Bancshares by 32.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,648,315 shares of the bank’s stock worth $580,538,000 after purchasing an additional 9,257,936 shares during the last quarter. 79.77% of the stock is owned by institutional investors.

Huntington Bancshares Trading Up 4.4 %

Shares of NASDAQ HBAN opened at $14.14 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.82. Huntington Bancshares Incorporated has a 52-week low of $11.67 and a 52-week high of $17.79. The firm has a 50 day moving average price of $13.25 and a two-hundred day moving average price of $13.61. The stock has a market cap of $20.39 billion, a P/E ratio of 12.63 and a beta of 1.18.

Huntington Bancshares (NASDAQ:HBANGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Huntington Bancshares had a net margin of 25.58% and a return on equity of 13.11%. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.46 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 19th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, September 16th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.36%.

Analyst Ratings Changes

HBAN has been the topic of a number of research reports. Piper Sandler lowered shares of Huntington Bancshares from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $13.50 in a research note on Friday, July 8th. JPMorgan Chase & Co. lowered shares of Huntington Bancshares from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $17.50 to $14.50 in a research report on Friday, July 1st. Wedbush lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, June 30th. Argus upgraded shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, July 28th. Finally, The Goldman Sachs Group cut their price target on shares of Huntington Bancshares from $17.50 to $14.50 and set a “buy” rating for the company in a report on Tuesday, May 31st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Hold” and a consensus price target of $15.11.

Insider Transactions at Huntington Bancshares

In other news, Director Gary Torgow acquired 19,382 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was bought at an average cost of $12.90 per share, for a total transaction of $250,027.80. Following the completion of the transaction, the director now directly owns 893,301 shares in the company, valued at approximately $11,523,582.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 11,618 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $14.36, for a total value of $166,834.48. Following the completion of the sale, the chief financial officer now directly owns 230,394 shares in the company, valued at $3,308,457.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Torgow purchased 19,382 shares of Huntington Bancshares stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of $12.90 per share, with a total value of $250,027.80. Following the completion of the acquisition, the director now directly owns 893,301 shares of the company’s stock, valued at approximately $11,523,582.90. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

About Huntington Bancshares

(Get Rating)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

Further Reading

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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