Wolff Wiese Magana LLC Has $2.37 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Wolff Wiese Magana LLC boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 145,813 shares of the bank’s stock after purchasing an additional 2,074 shares during the quarter. Huntington Bancshares comprises 1.6% of Wolff Wiese Magana LLC’s holdings, making the stock its 21st largest position. Wolff Wiese Magana LLC’s holdings in Huntington Bancshares were worth $2,372,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in shares of Huntington Bancshares by 19.4% in the second quarter. Acadian Asset Management LLC now owns 32,391 shares of the bank’s stock valued at $426,000 after buying an additional 5,262 shares in the last quarter. Choreo LLC acquired a new stake in shares of Huntington Bancshares in the second quarter valued at $428,000. American Century Companies Inc. increased its stake in shares of Huntington Bancshares by 15.9% in the second quarter. American Century Companies Inc. now owns 1,508,509 shares of the bank’s stock valued at $19,882,000 after buying an additional 207,328 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Huntington Bancshares by 43.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 839,162 shares of the bank’s stock valued at $10,667,000 after buying an additional 252,916 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after buying an additional 561,565 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction 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 owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,699 shares of company stock worth $757,356. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.11 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Huntington Bancshares Incorporated has a 12 month low of $12.02 and a 12 month high of $18.44. The stock has a 50 day moving average of $17.07 and a 200-day moving average of $15.38. The company has a market capitalization of $24.86 billion, a P/E ratio of 16.45, a P/E/G ratio of 3.42 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $0.36 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th were paid a $0.155 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.62%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 59.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays raised their price target on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of Huntington Bancshares in a report on Monday, December 23rd. Truist Financial began coverage on Huntington Bancshares in a research report on Tuesday, January 7th. They set a “buy” rating and a $19.00 price target on the stock. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.76.

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.