Huntington Bancshares Incorporated $HBAN Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 607,208 shares of the bank’s stock after purchasing an additional 11,123 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Huntington Bancshares were worth $10,177,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in Huntington Bancshares by 1,462.4% during the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after acquiring an additional 198,796 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Huntington Bancshares by 26.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after buying an additional 35,014 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Huntington Bancshares by 43.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after buying an additional 28,739 shares during the last quarter. Shell Asset Management Co. lifted its position in shares of Huntington Bancshares by 58.7% in the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank’s stock worth $3,362,000 after buying an additional 74,220 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of Huntington Bancshares by 6.6% in the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after buying an additional 22,190 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on HBAN. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Thursday, July 3rd. Raymond James Financial restated a “strong-buy” rating and issued a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, Truist Financial lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.76.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $15.64 on Tuesday. The firm’s 50 day moving average is $17.00 and its 200-day moving average is $16.24. The stock has a market capitalization of $22.82 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.70 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million for the quarter. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is currently 43.36%.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the sale, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is owned by corporate insiders.

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.