Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,657,335 shares of the bank’s stock after selling 86,022 shares during the quarter. Principal Financial Group Inc.’s holdings in Huntington Bancshares were worth $26,965,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Lantz Financial LLC raised its position in Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock worth $224,000 after acquiring an additional 790 shares in the last quarter. Dillon & Associates Inc. raised its position in Huntington Bancshares by 5.9% in the third quarter. Dillon & Associates Inc. now owns 14,354 shares of the bank’s stock worth $215,000 after acquiring an additional 795 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its position in Huntington Bancshares by 7.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank’s stock worth $191,000 after acquiring an additional 795 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Huntington Bancshares by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock worth $917,000 after acquiring an additional 800 shares in the last quarter. Finally, Strategic Blueprint LLC raised its position in Huntington Bancshares by 2.8% in the fourth quarter. Strategic Blueprint LLC now owns 29,140 shares of the bank’s stock worth $474,000 after acquiring an additional 804 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.6 %

HBAN opened at $16.15 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The business has a 50-day moving average of $16.68 and a two-hundred day moving average of $15.96. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating 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 previous year, the business posted $0.27 earnings per share. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on HBAN. The Goldman Sachs Group increased their price objective on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, December 12th. Stephens reaffirmed an “equal weight” rating and set a $18.50 price target on shares of Huntington Bancshares in a research note on Friday, February 7th. Finally, Evercore ISI lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.06.

About Huntington Bancshares

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.