Corient Private Wealth LP acquired a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,195,010 shares of the bank’s stock, valued at approximately $21,187,000. Corient Private Wealth LP owned 0.06% of Huntington Bancshares at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Values First Advisors Inc. increased its holdings in shares of Huntington Bancshares by 3.0% in the first quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock worth $322,000 after acquiring an additional 604 shares in the last quarter. MCF Advisors LLC raised its position in shares of Huntington Bancshares by 12.6% during the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after purchasing an additional 609 shares during the period. Vestor Capital LLC lifted its holdings in shares of Huntington Bancshares by 13.0% during the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after purchasing an additional 648 shares in the last quarter. Balboa Wealth Partners lifted its holdings in shares of Huntington Bancshares by 2.5% during the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock valued at $423,000 after purchasing an additional 662 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Huntington Bancshares by 4.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 16,881 shares of the bank’s stock valued at $292,000 after purchasing an additional 694 shares during the period. 80.72% of the stock is currently owned by institutional investors.
Huntington Bancshares Stock Up 0.4%
Shares of Huntington Bancshares stock opened at $16.92 on Friday. The firm has a market cap of $34.19 billion, a PE ratio of 13.12, a P/E/G ratio of 0.80 and a beta of 0.94. The business’s 50 day simple moving average is $17.59 and its 200 day simple moving average is $16.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.
Huntington Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.
Analysts Set New Price Targets
HBAN has been the subject of a number of research reports. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Wells Fargo & Company started coverage on shares of Huntington Bancshares in a report on Monday, August 17th. They issued an “overweight” rating and a $23.00 price target for the company. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America restated a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Finally, Robert W. Baird boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $20.24.
View Our Latest Research Report on Huntington Bancshares
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $190,224.00. Following the sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. The trade was a 3.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have acquired 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. Company insiders own 0.67% of the company’s stock.
Huntington Bancshares Profile
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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