Y Intercept Hong Kong Ltd Has $1.27 Million Holdings in Huntington Bancshares Incorporated $HBAN

Y Intercept Hong Kong Ltd boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 154.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,476 shares of the bank’s stock after purchasing an additional 45,852 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Huntington Bancshares were worth $1,265,000 at the end of the most recent quarter.

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

Huntington Bancshares Stock Up 0.8%

HBAN opened at $15.44 on Monday. The firm’s 50-day simple moving average is $16.88 and its 200-day simple moving average is $16.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.66 and a beta of 0.96.

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

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were 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 of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group upped their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Evercore ISI assumed coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price target on the stock. Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Citigroup boosted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.82.

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.