Fifth Third Wealth Advisors LLC Has $273,000 Stock Position in Huntington Bancshares Incorporated $HBAN

Fifth Third Wealth Advisors LLC increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,277 shares of the bank’s stock after buying an additional 1,307 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Huntington Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank’s stock worth $2,611,094,000 after buying an additional 978,565 shares in the last quarter. Invesco Ltd. lifted its position in Huntington Bancshares by 8.7% during the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after buying an additional 4,586,607 shares in the last quarter. Victory Capital Management Inc. lifted its position in Huntington Bancshares by 9.2% during the 1st quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank’s stock worth $357,670,000 after buying an additional 2,003,683 shares in the last quarter. Amundi lifted its position in Huntington Bancshares by 26.2% during the 1st quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after purchasing an additional 4,576,432 shares during the period. Finally, Federated Hermes Inc. lifted its position in Huntington Bancshares by 2.5% during the 1st quarter. Federated Hermes Inc. now owns 20,103,485 shares of the bank’s stock valued at $301,753,000 after purchasing an additional 498,182 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction that occurred 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 owned 299,361 shares of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.90 on Tuesday. The stock has a 50-day moving average of $17.10 and a 200-day moving average of $16.08. 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 stock has a market cap of $23.19 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%.The business had revenue of $469.00 million during the quarter. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HBAN. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup upped their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Morgan Stanley upped their target price 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, Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $19.37.

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.