Oxford Asset Management LLP Invests $474,000 in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Oxford Asset Management LLP purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 29,132 shares of the bank's stock, valued at approximately $474,000.

Several other institutional investors also recently bought and sold shares of HBAN. Arvest Bank Trust Division acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth $2,381,000. National Bank of Canada FI increased its holdings in Huntington Bancshares by 220.9% in the 4th quarter. National Bank of Canada FI now owns 3,666,949 shares of the bank's stock valued at $59,661,000 after purchasing an additional 2,524,077 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Huntington Bancshares by 17.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank's stock valued at $13,832,000 after purchasing an additional 129,106 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in Huntington Bancshares in the 4th quarter valued at $422,000. Finally, Donoghue Forlines LLC acquired a new stake in Huntington Bancshares in the 4th quarter valued at $1,460,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the transaction, the vice president now owns 453,129 shares in the company, valued at approximately $6,647,402.43. The trade was a 13.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kendall A. Kowalski sold 3,434 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $14.50, for a total value of $49,793.00. Following the transaction, the insider now owns 66,847 shares of the company's stock, valued at $969,281.50. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,051 shares of company stock worth $2,992,685. 0.89% of the stock is owned by company insiders.

Huntington Bancshares Stock Performance

HBAN traded down $0.11 on Wednesday, hitting $14.53. 18,422,027 shares of the company's stock were exchanged, compared to its average volume of 17,379,132. The firm has a market cap of $21.22 billion, a PE ratio of 11.81, a P/E/G ratio of 1.33 and a beta of 0.89. Huntington Bancshares Incorporated has a twelve month low of $11.92 and a twelve month high of $18.45. The stock has a fifty day moving average of $14.52 and a two-hundred day moving average of $15.99. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.89 billion. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the business earned $0.27 earnings per share. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares announced that its board has approved a share buyback program on Thursday, April 17th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the bank to reacquire up to 5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.155 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.62 dividend on an annualized basis and a yield of 4.27%. Huntington Bancshares's dividend payout ratio (DPR) is presently 47.33%.

Analyst Ratings Changes

HBAN has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Huntington Bancshares from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Royal Bank of Canada decreased their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Stephens reissued an "equal weight" rating and issued a $16.50 price objective on shares of Huntington Bancshares in a research report on Monday, April 21st. Finally, Argus set a $17.00 price objective on shares of Huntington Bancshares in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.45.

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.