Wolff Wiese Magana LLC Purchases 1,450 Shares of Huntington Bancshares Incorporated $HBAN

Wolff Wiese Magana LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.0% in the second quarter, HoldingsChannel.com reports. The fund owned 149,958 shares of the bank’s stock after buying an additional 1,450 shares during the period. Huntington Bancshares comprises approximately 1.6% of Wolff Wiese Magana LLC’s portfolio, making the stock its 18th biggest holding. Wolff Wiese Magana LLC’s holdings in Huntington Bancshares were worth $2,513,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Huntington Bancshares by 89.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 376,733 shares of the bank’s stock worth $6,129,000 after purchasing an additional 177,356 shares during the last quarter. First Hawaiian Bank raised its holdings in shares of Huntington Bancshares by 42.3% during the 1st quarter. First Hawaiian Bank now owns 47,324 shares of the bank’s stock worth $710,000 after buying an additional 14,062 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Huntington Bancshares by 410.9% during the 1st quarter. Versant Capital Management Inc now owns 5,492 shares of the bank’s stock worth $82,000 after buying an additional 4,417 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Huntington Bancshares by 1,497.1% during the 1st quarter. GAMMA Investing LLC now owns 633,362 shares of the bank’s stock worth $95,070,000 after buying an additional 593,706 shares during the last quarter. Finally, Rothschild Investment LLC boosted its stake in Huntington Bancshares by 43.9% in the first quarter. Rothschild Investment LLC now owns 9,384 shares of the bank’s stock valued at $141,000 after buying an additional 2,861 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Stock Up 0.6%

NASDAQ:HBAN opened at $17.42 on Monday. Huntington Bancshares Incorporated has a one year low of $11.91 and a one 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 cap of $25.41 billion, a PE ratio of 12.90, a P/E/G ratio of 0.84 and a beta of 0.96. The firm’s 50 day simple moving average is $17.07 and its 200 day simple moving average is $15.95.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors 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 yield of 3.6%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Citigroup lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. DA Davidson upped their price objective on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group boosted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.89.

Huntington Bancshares Company 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.