Huntington Bancshares Incorporated $HBAN Shares Purchased by Tredje AP fonden

Tredje AP fonden raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 117.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,927 shares of the bank’s stock after purchasing an additional 102,384 shares during the period. Tredje AP fonden’s holdings in Huntington Bancshares were worth $3,295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Altrius Capital Management Inc acquired a new position in shares of Huntington Bancshares during the 3rd quarter worth about $4,894,000. Vanguard Group Inc. grew its holdings in Huntington Bancshares by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock valued at $3,056,459,000 after buying an additional 680,601 shares during the last quarter. Midwest Trust Co increased its position in Huntington Bancshares by 12.7% in the 3rd quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock worth $26,095,000 after buying an additional 170,240 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Huntington Bancshares by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock worth $159,543,000 after buying an additional 314,544 shares during the last quarter. Finally, Fieldview Capital Management LLC increased its position in Huntington Bancshares by 15.9% during the third quarter. Fieldview Capital Management LLC now owns 478,852 shares of the bank’s stock worth $8,270,000 after acquiring an additional 65,828 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBAN. Piper Sandler raised Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price objective for the company in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Argus lifted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, Royal Bank Of Canada decreased their price target on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares has a consensus rating of “Moderate Buy” and an average target price of $20.05.

Insiders Place Their Bets

In other Huntington Bancshares news, Director James D. Rollins III purchased 8,471 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of $18.01 per share, for a total transaction of $152,562.71. Following the purchase, the director owned 11,500 shares in the company, valued at approximately $207,115. The trade was a 279.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Torgow acquired 14,200 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $17.81 per share, for a total transaction of $252,902.00. Following the completion of the acquisition, the director owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. The trade was a 1.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 39,200 shares of company stock valued at $756,724 over the last 90 days. 0.67% of the stock is owned by insiders.

Huntington Bancshares Trading Down 0.7%

NASDAQ:HBAN opened at $15.46 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The company has a market cap of $31.34 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96. The business has a 50 day moving average price of $15.97 and a two-hundred day moving average price of $16.74.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business earned $0.34 EPS. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.62 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. Huntington Bancshares’s payout ratio is presently 47.69%.

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.