Huntington Bancshares Incorporated $HBAN Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 615.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,728,104 shares of the bank’s stock after acquiring an additional 1,486,589 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Huntington Bancshares were worth $28,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Huntington Bancshares by 1,462.4% in the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock valued at $3,188,000 after purchasing an additional 198,796 shares during the last quarter. Czech National Bank boosted its holdings in Huntington Bancshares by 6.6% in the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock valued at $5,968,000 after purchasing an additional 22,190 shares during the last quarter. Trinity Financial Advisors LLC boosted its holdings in Huntington Bancshares by 1,497.1% in the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock valued at $4,853,000 after purchasing an additional 268,933 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Huntington Bancshares by 11.9% in the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock valued at $388,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Huntington Bancshares by 13.5% in the 1st quarter. Brown Advisory Inc. now owns 36,467 shares of the bank’s stock valued at $547,000 after purchasing an additional 4,347 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’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 directly 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 insiders.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.21 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The firm’s 50 day moving average price is $17.12 and its 200 day moving average price is $16.02. The company has a market cap of $25.11 billion, a P/E ratio of 12.75, a PEG ratio of 0.82 and a beta of 0.96. 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 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 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Jefferies Financial Group upped their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Truist Financial upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus price target of $19.24.

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.