Vanguard Personalized Indexing Management LLC Boosts Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Vanguard Personalized Indexing Management LLC lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,025 shares of the bank’s stock after purchasing an additional 10,283 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Huntington Bancshares were worth $1,449,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in shares of Huntington Bancshares by 251,152.2% in the 1st quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after purchasing an additional 173,295 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Huntington Bancshares by 53.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock valued at $22,577,000 after buying an additional 564,729 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Huntington Bancshares by 8.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 136,961 shares of the bank’s stock worth $1,911,000 after buying an additional 10,795 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Huntington Bancshares by 39.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock valued at $83,124,000 after acquiring an additional 1,838,019 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Huntington Bancshares by 715.0% in the 4th quarter. KBC Group NV now owns 4,251,631 shares of the bank’s stock worth $54,081,000 after acquiring an additional 3,729,974 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $14.86 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 52 week low of $9.25 and a 52 week high of $15.24. The firm’s 50 day moving average is $14.36 and its two-hundred day moving average is $13.74. The firm has a market capitalization of $21.54 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.90 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $0.35 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.17%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Buying and Selling

In other Huntington Bancshares news, VP Brendan A. Lawlor sold 9,050 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now owns 11,111 shares in the company, valued at $167,331.66. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Brendan A. Lawlor sold 9,050 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares of the company’s stock, valued at $167,331.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.02, for a total value of $169,545.76. Following the transaction, the insider now directly owns 618,832 shares in the company, valued at approximately $9,294,856.64. The disclosure for this sale can be found here. Insiders have sold 116,622 shares of company stock worth $1,762,904 in the last quarter. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on HBAN shares. Evercore ISI dropped their target price on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Piper Sandler boosted their price objective on Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a report on Monday, July 22nd. Bank of America raised their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Morgan Stanley raised their price objective on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.59.

About Huntington Bancshares

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.