Meiji Yasuda Asset Management Co Ltd. Has $936,000 Stake in Huntington Bancshares Incorporated $HBAN

Meiji Yasuda Asset Management Co Ltd. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 71.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,348 shares of the bank’s stock after selling 155,192 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Huntington Bancshares were worth $936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Foundations Investment Advisors LLC raised its holdings in shares of Huntington Bancshares by 2.4% during the first quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock valued at $436,000 after purchasing an additional 691 shares during the period. Winch Advisory Services LLC raised its holdings in shares of Huntington Bancshares by 18.3% during the first quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock valued at $69,000 after purchasing an additional 709 shares during the period. Quarry LP raised its holdings in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after purchasing an additional 814 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Huntington Bancshares by 5.5% during the first quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank’s stock valued at $241,000 after purchasing an additional 844 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Huntington Bancshares by 4.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,835 shares of the bank’s stock valued at $328,000 after purchasing an additional 847 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Down 0.5%

HBAN opened at $17.64 on Wednesday. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week 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’s 50-day moving average is $16.99 and its 200 day moving average is $15.76. The firm has a market capitalization of $25.73 billion, a PE ratio of 13.07, a P/E/G ratio of 0.86 and a beta of 0.97.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a 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%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HBAN. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Thursday, July 3rd. Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. TD Cowen assumed coverage on shares of Huntington Bancshares in a report on Thursday, May 15th. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Finally, Cowen assumed coverage on shares of Huntington Bancshares in a report on Wednesday, May 14th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $18.74.

About Huntington Bancshares

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.