Almanack Investment Partners LLC. Has $1.17 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Almanack Investment Partners LLC. boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,699 shares of the bank’s stock after buying an additional 768 shares during the quarter. Almanack Investment Partners LLC.’s holdings in Huntington Bancshares were worth $1,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HBAN. AQR Capital Management LLC raised its position in Huntington Bancshares by 274.9% in the 1st quarter. AQR Capital Management LLC now owns 10,758,669 shares of the bank’s stock valued at $157,292,000 after buying an additional 7,889,004 shares during the last quarter. Invesco Ltd. raised its position in Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after buying an additional 4,586,607 shares during the last quarter. Amundi raised its position in Huntington Bancshares by 26.2% in the 1st quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after buying an additional 4,576,432 shares during the last quarter. Nuveen LLC acquired a new stake in Huntington Bancshares in the 1st quarter valued at approximately $50,078,000. Finally, Deutsche Bank AG raised its position in Huntington Bancshares by 47.7% in the 1st quarter. Deutsche Bank AG now owns 8,870,393 shares of the bank’s stock valued at $133,145,000 after buying an additional 2,865,727 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 4.5%

HBAN opened at $15.60 on Monday. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The stock’s fifty day simple moving average is $17.10 and its 200 day simple moving average is $16.07. 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 stock has a market cap of $22.76 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%.The business had revenue of $469.00 million for the quarter. As a group, research analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is 45.93%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HBAN. JPMorgan Chase & Co. lifted their target price on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday. Truist Financial upped their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Morgan Stanley upped their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, DA Davidson upped their price objective on Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.37.

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.