Osaic Holdings Inc. Acquires 66,700 Shares of Huntington Bancshares Incorporated $HBAN

Osaic Holdings Inc. raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 31.1% during the 2nd quarter, Holdings Channel reports. The fund owned 281,070 shares of the bank’s stock after purchasing an additional 66,700 shares during the period. Osaic Holdings Inc.’s holdings in Huntington Bancshares were worth $4,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HBAN. Vanguard Group Inc. lifted its stake in shares of Huntington Bancshares by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock worth $2,954,792,000 after purchasing an additional 2,343,244 shares during the last quarter. Boston Partners lifted its position in shares of Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after buying an additional 2,776,429 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Huntington Bancshares by 1.8% in the 2nd quarter. Invesco Ltd. now owns 58,201,659 shares of the bank’s stock valued at $975,460,000 after buying an additional 1,015,066 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Huntington Bancshares by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock valued at $658,541,000 after buying an additional 640,852 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Huntington Bancshares by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 28,384,949 shares of the bank’s stock worth $475,558,000 after buying an additional 397,141 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Down 1.1%

Huntington Bancshares stock opened at $17.73 on Wednesday. The firm has a market cap of $25.87 billion, a PE ratio of 12.40, a P/E/G ratio of 0.68 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.03. The stock’s 50 day simple moving average is $16.27 and its two-hundred day simple moving average is $16.66. 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 (NASDAQ:HBAN) last posted its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The firm had revenue of $580.00 million during the quarter. Analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current 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 paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $20.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Truist Financial increased their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. DA Davidson restated a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Finally, TD Cowen raised their price target on Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given 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 an average rating of “Moderate Buy” and an average price target of $19.92.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $18.00, for a total value of $230,976.00. Following the sale, the executive vice president directly owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total value of $44,161.80. Following the transaction, the insider directly owned 71,566 shares of the company’s stock, valued at approximately $1,273,874.80. The trade was a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,863 shares of company stock valued at $1,396,634 over the last quarter. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Company 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.