Huntington Bancshares Incorporated $HBAN Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,551,145 shares of the bank’s stock after selling 81,451 shares during the period. Ameriprise Financial Inc. owned about 0.24% of Huntington Bancshares worth $53,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of HBAN. Invesco Ltd. grew its stake in shares of Huntington Bancshares by 8.7% during the first quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after purchasing an additional 4,586,607 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Huntington Bancshares by 126.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,048,773 shares of the bank’s stock worth $114,684,000 after purchasing an additional 3,938,769 shares in the last quarter. Nuveen LLC acquired a new position in shares of Huntington Bancshares during the first quarter worth $50,078,000. Deutsche Bank AG grew its stake in shares of Huntington Bancshares by 47.7% during the first quarter. Deutsche Bank AG now owns 8,870,393 shares of the bank’s stock worth $133,145,000 after purchasing an additional 2,865,727 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Huntington Bancshares by 18.4% during the fourth quarter. Northern Trust Corp now owns 14,422,723 shares of the bank’s stock worth $234,658,000 after purchasing an additional 2,241,926 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Truist Financial boosted their target price on shares of Huntington Bancshares from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. TD Cowen initiated coverage on shares of Huntington Bancshares in a research note on Thursday, May 15th. They set a “buy” rating and a $20.00 target price for the company. Cowen initiated coverage on shares of Huntington Bancshares in a research note on Wednesday, May 14th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group initiated coverage on shares of Huntington Bancshares in a research note on Wednesday, May 21st. They issued a “buy” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.68.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 13,700 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $216,323.00. Following the completion of the sale, the executive vice president directly owned 337,879 shares of the company’s stock, valued at approximately $5,335,109.41. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.80 on Thursday. The company has a fifty day moving average of $16.74 and a two-hundred day moving average of $15.70. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $25.97 billion, a PE ratio of 13.19, a P/E/G ratio of 0.90 and a beta of 0.93.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Huntington Bancshares 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.