Allianz Asset Management GmbH Sells 41,364 Shares of Huntington Bancshares Incorporated $HBAN

Allianz Asset Management GmbH lowered its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 750,975 shares of the bank’s stock after selling 41,364 shares during the quarter. Allianz Asset Management GmbH owned 0.05% of Huntington Bancshares worth $12,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HBAN. Family Legacy Financial Solutions LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth about $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Huntington Bancshares in the 1st quarter worth about $29,000. Quarry LP lifted its holdings in Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Huntington Bancshares during the 1st quarter valued at about $31,000. Finally, Golden State Wealth Management LLC lifted its holdings in Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after buying an additional 1,869 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 2.2%

NASDAQ HBAN opened at $15.84 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $23.11 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.96. The company’s 50-day simple moving average is $17.08 and its two-hundred day simple moving average is $16.14. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44.

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

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.9%. Huntington Bancshares’s payout ratio is presently 43.36%.

Insider Activity

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

Analysts Set New Price Targets

HBAN has been the subject of a number of research analyst reports. DA Davidson lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Monday. TD Cowen lifted their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Monday. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Thursday, July 3rd. Finally, Stephens lifted their price objective on shares of Huntington Bancshares from $18.00 to $19.00 in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $19.76.

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.