Inceptionr LLC Takes $1.69 Million Position in Huntington Bancshares Incorporated $HBAN

Inceptionr LLC bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 100,724 shares of the bank’s stock, valued at approximately $1,688,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Huntington Bancshares by 274.9% in the 1st quarter. AQR Capital Management LLC now owns 10,758,669 shares of the bank’s stock worth $157,292,000 after acquiring an additional 7,889,004 shares during the period. Invesco Ltd. raised its stake in shares of Huntington Bancshares by 8.7% in the first 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 in the last quarter. Amundi raised its stake in shares of Huntington Bancshares by 26.2% in the first 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 in the last quarter. Nuveen LLC bought a new position in Huntington Bancshares in the first quarter worth $50,078,000. Finally, Jefferies Financial Group Inc. boosted its stake in Huntington Bancshares by 14,950.0% during the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after buying an additional 2,984,764 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 6,416 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $15.65, for a total transaction of $100,410.40. Following the sale, the executive vice president owned 252,305 shares of the company’s stock, valued at $3,948,573.25. This represents a 2.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Inglis acquired 6,506 shares of the stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $15.30 per share, with a total value of $99,541.80. Following the transaction, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. This represents a 7.81% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 112,103 shares of company stock worth $1,833,558. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $16.18 on Wednesday. The stock has a market capitalization of $23.61 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.66 and a beta of 1.01. The firm’s 50-day moving average price is $16.18 and its two-hundred day moving average price is $16.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.33.

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

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.8%. Huntington Bancshares’s payout ratio is currently 43.36%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HBAN shares. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Morgan Stanley raised their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. DA Davidson reiterated a “buy” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Finally, Jefferies Financial Group dropped their target price on Huntington Bancshares from $20.00 to $19.00 in a report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.64.

Huntington Bancshares Company 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.