Sumitomo Mitsui DS Asset Management Company Ltd Buys 2,559 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,630 shares of the bank’s stock after purchasing an additional 2,559 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Huntington Bancshares were worth $3,508,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HBAN. Wellington Management Group LLP boosted its stake in shares of Huntington Bancshares by 64.2% in the 4th quarter. Wellington Management Group LLP now owns 304,829 shares of the bank’s stock valued at $3,877,000 after purchasing an additional 119,178 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $372,000. First Hawaiian Bank boosted its stake in Huntington Bancshares by 111.0% in the first quarter. First Hawaiian Bank now owns 26,641 shares of the bank’s stock valued at $372,000 after acquiring an additional 14,013 shares during the last quarter. Wedmont Private Capital grew its holdings in Huntington Bancshares by 7.2% during the 1st quarter. Wedmont Private Capital now owns 14,262 shares of the bank’s stock worth $200,000 after acquiring an additional 960 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of Huntington Bancshares by 1.3% during the 1st quarter. Park Avenue Securities LLC now owns 63,098 shares of the bank’s stock valued at $880,000 after acquiring an additional 794 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HBAN shares. JPMorgan Chase & Co. reduced their price target on Huntington Bancshares from $17.00 to $16.50 and set an “overweight” rating on the stock in a research report on Thursday, June 27th. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Citigroup boosted their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Evercore ISI cut their target price on shares of Huntington Bancshares from $17.50 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Finally, Piper Sandler boosted their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $15.91.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the sale, the vice president now owns 69,595 shares in the company, valued at $1,054,364.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the sale, the vice president now owns 69,595 shares in the company, valued at $1,054,364.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kendall A. Kowalski sold 5,747 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total value of $86,090.06. Following the transaction, the insider now owns 65,899 shares of the company’s stock, valued at $987,167.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,622 shares of company stock valued at $1,762,904. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Down 0.5 %

Huntington Bancshares stock opened at $15.36 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $16.03. The company has a fifty day simple moving average of $14.56 and a 200 day simple moving average of $13.93. The company has a market cap of $22.26 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.18 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s payout ratio is presently 55.86%.

Huntington Bancshares 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.