LifeWealth Investments LLC Invests $335,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

LifeWealth Investments LLC purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,567 shares of the bank's stock, valued at approximately $335,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HBAN. Carlson Capital Management grew its holdings in shares of Huntington Bancshares by 0.4% during the fourth quarter. Carlson Capital Management now owns 163,575 shares of the bank's stock worth $2,661,000 after buying an additional 692 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Huntington Bancshares by 6.0% during the 4th quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank's stock worth $200,000 after acquiring an additional 699 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Huntington Bancshares by 27.2% during the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after acquiring an additional 702 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of Huntington Bancshares by 4.0% during the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock worth $326,000 after acquiring an additional 762 shares in the last quarter. Finally, Lantz Financial LLC raised its holdings in shares of Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock valued at $224,000 after purchasing an additional 790 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 25,419 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $13.68, for a total value of $347,731.92. Following the sale, the insider now owns 70,281 shares of the company's stock, valued at $961,444.08. The trade was a 26.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Brendan A. Lawlor sold 3,521 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $15.25, for a total value of $53,695.25. Following the completion of the sale, the vice president now owns 47,950 shares of the company's stock, valued at $731,237.50. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 312,456 shares of company stock worth $4,464,105. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Price Performance

Shares of HBAN stock traded down $0.20 on Wednesday, hitting $15.56. 21,951,987 shares of the company's stock were exchanged, compared to its average volume of 18,111,151. The company has a 50 day moving average of $14.59 and a 200 day moving average of $15.93. The stock has a market cap of $22.73 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. Huntington Bancshares Incorporated has a 12 month low of $11.92 and a 12 month high of $18.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.89 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 17th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the bank to buy up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Tuesday, June 17th. Huntington Bancshares's payout ratio is 47.33%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Robert W. Baird upgraded shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Friday, March 7th. Cowen began coverage on shares of Huntington Bancshares in a research report on Wednesday, May 14th. They set a "buy" rating on the stock. Baird R W upgraded Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Morgan Stanley decreased their target price on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised Huntington Bancshares from a "hold" rating to a "buy" rating and set a $17.50 price target for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and two have given a strong 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 $17.83.

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.