Huntington Bancshares Incorporated $HBAN Shares Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,633,818 shares of the bank’s stock after purchasing an additional 757,063 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Huntington Bancshares were worth $116,554,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Means Investment CO. Inc. acquired a new stake in shares of Huntington Bancshares in the third quarter valued at $165,000. Trust Co. of Vermont purchased a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $29,000. TD Waterhouse Canada Inc. raised its holdings in shares of Huntington Bancshares by 90.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after buying an additional 800 shares during the period. Johnson Financial Group Inc. acquired a new position in Huntington Bancshares during the 2nd quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Huntington Bancshares during the 2nd quarter worth about $35,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In related news, Director Gary Torgow acquired 12,700 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The stock was acquired at an average price of $15.73 per share, for a total transaction of $199,771.00. Following the purchase, the director owned 956,041 shares of the company’s stock, valued at $15,038,524.93. This represents a 1.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Rollins, III acquired 14,000 shares of the firm’s stock in a transaction dated Monday, October 26th. The stock was bought at an average price of $18.12 per share, with a total value of $253,680.00. Following the purchase, the director directly owned 15,500 shares in the company, valued at approximately $280,860. This trade represents a 933.33% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.67% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Down 0.9%

Huntington Bancshares stock opened at $15.73 on Friday. The firm has a market capitalization of $31.78 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.02 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. Huntington Bancshares Incorporated has a twelve month low of $14.82 and a twelve month high of $19.45. The stock’s fifty day simple moving average is $15.77 and its 200-day simple moving average is $16.61.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a return on equity of 10.93% and a net margin of 16.28%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business posted $0.41 earnings per share. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be given a $0.1550 dividend. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 51.24%.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research analyst reports. Weiss Ratings cut Huntington Bancshares from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday. Citigroup cut their price target on shares of Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Truist Financial reduced their price target on shares of Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Finally, Jefferies Financial Group lowered their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.89.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus. Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.