Cerity Partners LLC Increases Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Cerity Partners LLC increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 826,418 shares of the bank's stock after acquiring an additional 110,758 shares during the quarter. Cerity Partners LLC owned about 0.06% of Huntington Bancshares worth $10,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HBAN. GHP Investment Advisors Inc. grew its holdings in shares of Huntington Bancshares by 5.9% in the 4th quarter. GHP Investment Advisors Inc. now owns 151,224 shares of the bank's stock worth $1,924,000 after purchasing an additional 8,479 shares during the last quarter. Executive Wealth Management LLC lifted its position in Huntington Bancshares by 29.2% during the 4th quarter. Executive Wealth Management LLC now owns 32,139 shares of the bank's stock worth $409,000 after buying an additional 7,270 shares in the last quarter. Keener Financial Planning LLC acquired a new position in Huntington Bancshares during the 4th quarter worth about $368,000. Tobam lifted its position in Huntington Bancshares by 80.3% during the 4th quarter. Tobam now owns 9,998 shares of the bank's stock worth $127,000 after buying an additional 4,452 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in Huntington Bancshares by 3.2% during the 4th quarter. Bleakley Financial Group LLC now owns 51,423 shares of the bank's stock worth $654,000 after buying an additional 1,598 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.4 %

NASDAQ HBAN traded down $0.05 during trading hours on Monday, reaching $13.26. 14,880,720 shares of the company's stock were exchanged, compared to its average volume of 17,490,662. The company's 50-day moving average is $13.20 and its two-hundred day moving average is $12.07. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $19.23 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Friday, January 19th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.15. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $1.75 billion. During the same period in the prior year, the business earned $0.43 EPS. On average, analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were issued a $0.155 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.68%. Huntington Bancshares's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HBAN shares. Barclays upgraded shares of Huntington Bancshares from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $12.00 to $15.00 in a research report on Tuesday, January 2nd. DA Davidson upgraded shares of Huntington Bancshares from a "neutral" rating to a "buy" rating and upped their target price for the company from $14.00 to $15.50 in a research report on Tuesday, February 27th. StockNews.com downgraded shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research report on Friday, December 29th. Citigroup upped their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $14.97.

Insider Activity

In related news, Director Ann B. Crane sold 58,000 shares of the business'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 transaction, the director now directly owns 192,247 shares in the company, valued at $2,603,024.38. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, VP Julie C. Tutkovics sold 15,541 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now owns 303,455 shares of the company's stock, valued at $3,847,809.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 102,241 shares of company stock worth $1,360,359 over the last ninety days. Insiders own 0.92% of the company's stock.

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.