CreativeOne Wealth LLC Decreases Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

CreativeOne Wealth LLC trimmed its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,257 shares of the bank’s stock after selling 4,093 shares during the period. CreativeOne Wealth LLC’s holdings in Huntington Bancshares were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in shares of Huntington Bancshares by 12.7% during the 1st quarter. Janus Henderson Group PLC now owns 244,633 shares of the bank’s stock worth $3,411,000 after purchasing an additional 27,519 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Huntington Bancshares by 5.3% in the first quarter. Tidal Investments LLC now owns 75,933 shares of the bank’s stock worth $1,059,000 after acquiring an additional 3,855 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Huntington Bancshares by 221.8% in the first quarter. Cetera Investment Advisers now owns 756,408 shares of the bank’s stock worth $10,552,000 after acquiring an additional 521,372 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of Huntington Bancshares by 224.2% during the first quarter. Cetera Advisors LLC now owns 158,821 shares of the bank’s stock valued at $2,216,000 after acquiring an additional 109,838 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Huntington Bancshares by 136.1% during the second quarter. GAMMA Investing LLC now owns 30,599 shares of the bank’s stock valued at $403,000 after acquiring an additional 17,640 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HBAN shares. Citigroup upped their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley raised their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Piper Sandler increased their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Sandler O’Neill restated a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, Evercore ISI upped their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.62.

Huntington Bancshares Trading Down 1.3 %

NASDAQ:HBAN opened at $17.78 on Tuesday. The business’s 50-day moving average is $16.05 and its two-hundred day moving average is $14.61. The firm has a market capitalization of $25.83 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Huntington Bancshares Incorporated has a 12 month low of $11.57 and a 12 month high of $18.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.36 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.49%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Insider Activity at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total transaction of $152,393.72. Following the completion of the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,699 shares of company stock valued at $757,356. Corporate 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.