Mather Group LLC. Has $196,000 Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Mather Group LLC. raised its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,391 shares of the bank’s stock after purchasing an additional 837 shares during the quarter. Mather Group LLC.’s holdings in Huntington Bancshares were worth $196,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HBAN. Wetzel Investment Advisors Inc. bought a new stake in Huntington Bancshares during the fourth quarter worth $29,000. Planned Solutions Inc. purchased a new position in shares of Huntington Bancshares in the fourth quarter worth about $33,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $35,000. Baker Avenue Asset Management LP lifted its stake in shares of Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock valued at $42,000 after buying an additional 963 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Huntington Bancshares in the 3rd quarter worth approximately $51,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $13.80 on Friday. The stock has a market capitalization of $19.98 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 2.52 and a beta of 1.09. The company has a fifty day moving average of $13.42 and a 200-day moving average of $12.35. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $14.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.88 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, April 19th. The bank reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Bancshares had a return on equity of 11.99% and a net margin of 15.86%. During the same period last year, the firm earned $0.38 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be given a $0.155 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 annualized dividend and a yield of 4.49%. Huntington Bancshares’s payout ratio is currently 55.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HBAN shares. DA Davidson upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods upped their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Bank of America raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $16.00 in a report on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a report on Monday, April 22nd. Finally, Jefferies Financial Group upgraded Huntington Bancshares from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Insider Activity

In related news, Director Ann B. Crane sold 58,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the sale, the director now directly owns 192,247 shares in the company, valued at approximately $2,603,024.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Huntington Bancshares news, VP Brantley J. Standridge sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $13.60, for a total value of $680,000.00. Following the completion of the sale, the vice president now owns 385,409 shares in the company, valued at approximately $5,241,562.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann B. Crane sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total value of $785,320.00. Following the transaction, the director now directly owns 192,247 shares in the company, valued at $2,603,024.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,381 shares of company stock valued at $2,814,291. 0.89% of the stock is currently owned by company insiders.

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.