Generali Asset Management SPA SGR Increases Position in Huntington Bancshares Incorporated $HBAN

Generali Asset Management SPA SGR lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 974.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 86,596 shares of the bank’s stock after buying an additional 78,540 shares during the period. Generali Asset Management SPA SGR’s holdings in Huntington Bancshares were worth $1,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Sagespring Wealth Partners LLC lifted its stake in shares of Huntington Bancshares by 7.4% during the second quarter. Sagespring Wealth Partners LLC now owns 21,090 shares of the bank’s stock valued at $353,000 after buying an additional 1,446 shares during the period. Wilmington Savings Fund Society FSB increased its position in Huntington Bancshares by 3.1% during the second quarter. Wilmington Savings Fund Society FSB now owns 91,896 shares of the bank’s stock worth $1,540,000 after purchasing an additional 2,737 shares during the last quarter. Morningstar Investment Management LLC increased its position in Huntington Bancshares by 15.7% during the second quarter. Morningstar Investment Management LLC now owns 26,317 shares of the bank’s stock worth $441,000 after purchasing an additional 3,569 shares during the last quarter. Total Clarity Wealth Management Inc. acquired a new position in Huntington Bancshares during the second quarter worth approximately $179,000. Finally, Vest Financial LLC increased its position in Huntington Bancshares by 70.2% during the second quarter. Vest Financial LLC now owns 262,846 shares of the bank’s stock worth $4,405,000 after purchasing an additional 108,387 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.89% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Jefferies Financial Group upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. DA Davidson increased their price objective on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.37.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $15.50 on Friday. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The firm has a fifty day moving average of $17.08 and a 200-day moving average of $16.09. The firm has a market capitalization of $22.61 billion, a P/E ratio of 11.48, a PEG ratio of 0.72 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 (NASDAQ:HBAN) last released its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. The business had revenue of $469.00 million during the quarter. As a group, analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

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.