TD Asset Management Inc Has $10.40 Million Holdings in Huntington Bancshares Incorporated $HBAN

TD Asset Management Inc lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,326 shares of the bank’s stock after buying an additional 35,020 shares during the quarter. TD Asset Management Inc’s holdings in Huntington Bancshares were worth $10,398,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HBAN. Empowered Funds LLC lifted its stake in Huntington Bancshares by 5.0% in the 1st quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock valued at $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP increased its position in Huntington Bancshares by 40.8% during the first quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after buying an additional 35,574 shares during the last quarter. Brown Advisory Inc. raised its stake in Huntington Bancshares by 8.3% in the second quarter. Brown Advisory Inc. now owns 39,490 shares of the bank’s stock valued at $662,000 after buying an additional 3,023 shares during the period. Daiwa Securities Group Inc. raised its stake in Huntington Bancshares by 6.2% in the second quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock valued at $3,674,000 after buying an additional 12,865 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Huntington Bancshares by 6.2% in the second quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock valued at $11,859,000 after buying an additional 41,156 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Huntington Bancshares

In related news, insider Prashant Nateri sold 10,171 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $15.50, for a total transaction of $157,650.50. Following the sale, the insider owned 83,819 shares in the company, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James D. Rollins III acquired 4,798 shares of the stock in a transaction on Thursday, June 4th. The shares were purchased at an average price of $20.30 per share, with a total value of $97,399.40. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $203,000. This represents a 92.23% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 33,500 shares of company stock valued at $617,542. Company insiders own 0.67% of the company’s stock.

Huntington Bancshares Trading Up 2.0%

Shares of Huntington Bancshares stock opened at $16.82 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a 50-day moving average of $16.19 and a 200-day moving average of $16.81. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The stock has a market cap of $34.10 billion, a PE ratio of 12.94, a PEG ratio of 0.75 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same period in the previous year, the firm earned $0.34 EPS. As a group, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.61 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th will be given a $0.155 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s payout ratio is presently 47.69%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HBAN shares. Truist Financial decreased their target price on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Thursday, April 23rd. Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, April 24th. Morgan Stanley dropped their price objective on shares of Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. Finally, Royal Bank Of Canada cut their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.05.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.