Vanguard Personalized Indexing Management LLC Grows Holdings in Huntington Bancshares Incorporated $HBAN

Vanguard Personalized Indexing Management LLC increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 26.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,515 shares of the bank’s stock after buying an additional 35,014 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Huntington Bancshares were worth $2,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HBAN. GAMMA Investing LLC increased its stake in Huntington Bancshares by 6.4% during the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock worth $633,000 after buying an additional 2,540 shares during the period. Brighton Jones LLC purchased a new stake in Huntington Bancshares during the 1st quarter worth $182,000. Sowell Financial Services LLC increased its stake in Huntington Bancshares by 60.3% during the 1st quarter. Sowell Financial Services LLC now owns 44,742 shares of the bank’s stock worth $672,000 after buying an additional 16,825 shares during the period. QRG Capital Management Inc. increased its stake in Huntington Bancshares by 11.9% during the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock worth $388,000 after buying an additional 2,751 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its stake in Huntington Bancshares by 14.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,633 shares of the bank’s stock worth $310,000 after buying an additional 2,553 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $16.21 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The firm has a 50-day simple moving average of $17.10 and a 200 day simple moving average of $16.08. The company has a market cap of $23.65 billion, a PE ratio of 12.01, a P/E/G ratio of 0.77 and a beta of 0.96.

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

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 45.93%.

Wall Street Analyst Weigh In

HBAN has been the subject of several research analyst reports. 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 report on Wednesday, September 24th. Morgan Stanley boosted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Citigroup boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Finally, Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $19.37.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

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.