J. Safra Sarasin Holding AG Acquires 100,079 Shares of Huntington Bancshares Incorporated $HBAN

J. Safra Sarasin Holding AG boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 177.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,604 shares of the bank’s stock after purchasing an additional 100,079 shares during the period. J. Safra Sarasin Holding AG’s holdings in Huntington Bancshares were worth $2,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Accurate Wealth Management LLC lifted its stake in shares of Huntington Bancshares by 3.5% in the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after acquiring an additional 611 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Huntington Bancshares by 0.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock valued at $2,758,000 after acquiring an additional 668 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Huntington Bancshares by 2.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock valued at $436,000 after acquiring an additional 691 shares during the last quarter. Winch Advisory Services LLC lifted its stake in shares of Huntington Bancshares by 18.3% in the 1st quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock valued at $69,000 after acquiring an additional 709 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Huntington Bancshares by 2.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock valued at $487,000 after acquiring an additional 731 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $17.21 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $17.12 and a two-hundred day moving average price of $16.02. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. 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.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 45.93%.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Thursday, July 3rd. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. DA Davidson raised their target price on Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.24.

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.