GAM Holding AG Has $8.72 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

GAM Holding AG reduced its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 536,223 shares of the bank’s stock after selling 44,580 shares during the period. GAM Holding AG’s holdings in Huntington Bancshares were worth $8,724,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC raised its position in shares of Huntington Bancshares by 27.2% in the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank’s stock valued at $53,000 after purchasing an additional 702 shares during the period. Lantz Financial LLC raised its holdings in Huntington Bancshares by 6.1% in the 4th quarter. Lantz Financial LLC now owns 13,766 shares of the bank’s stock valued at $224,000 after acquiring an additional 790 shares during the period. Dillon & Associates Inc. lifted its position in Huntington Bancshares by 5.9% during 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 during the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Huntington Bancshares by 7.2% during 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 during the period. Finally, Integrated Wealth Concepts LLC grew its position in shares of Huntington Bancshares by 1.3% in the third quarter. Integrated Wealth Concepts LLC now owns 62,392 shares of the bank’s stock valued at $917,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Up 0.7 %

NASDAQ:HBAN opened at $16.73 on Tuesday. Huntington Bancshares Incorporated has a one year low of $12.05 and a one year high of $18.44. 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 company has a market cap of $24.31 billion, a PE ratio of 13.60, a P/E/G ratio of 1.41 and a beta of 1.07. The firm’s 50 day simple moving average is $16.74 and its 200 day simple moving average is $15.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business earned $0.27 earnings per share. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays increased their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Citigroup lifted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Piper Sandler dropped their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research report on Tuesday, January 21st. Finally, Evercore ISI increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.