Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Acquired by Axa S.A.

Axa S.A. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 113.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,089 shares of the bank’s stock after buying an additional 49,425 shares during the quarter. Axa S.A.’s holdings in Huntington Bancshares were worth $1,227,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Lazard Asset Management LLC lifted its stake in Huntington Bancshares by 251,152.2% during the first quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock valued at $2,417,000 after buying an additional 173,295 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Huntington Bancshares by 53.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock valued at $22,577,000 after acquiring an additional 564,729 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in Huntington Bancshares by 8.6% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 136,961 shares of the bank’s stock worth $1,911,000 after purchasing an additional 10,795 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Huntington Bancshares by 39.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,534,897 shares of the bank’s stock valued at $83,124,000 after purchasing an additional 1,838,019 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Huntington Bancshares by 160.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 206,193 shares of the bank’s stock valued at $2,623,000 after purchasing an additional 126,900 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HBAN shares. Piper Sandler upped their price target on Huntington Bancshares from $11.50 to $13.50 and gave the company an “underweight” rating in a research 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 report on Friday, July 26th. Robert W. Baird downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Friday, July 26th. Evercore ISI cut their target price on shares of Huntington Bancshares from $16.50 to $15.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Argus boosted their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Two 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.59.

Insider Transactions at Huntington Bancshares

In related news, insider Kendall A. Kowalski sold 5,747 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total transaction of $86,090.06. Following the completion of the transaction, the insider now directly owns 65,899 shares in the company, valued at approximately $987,167.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Kendall A. Kowalski sold 5,747 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $14.98, for a total transaction of $86,090.06. Following the transaction, the insider now directly owns 65,899 shares in the company, valued at $987,167.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of Huntington Bancshares 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 sale, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,622 shares of company stock worth $1,762,904. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $14.32 on Wednesday. Huntington Bancshares Incorporated has a 1 year low of $9.25 and a 1 year high of $15.24. The company has a fifty day simple moving average of $14.36 and a 200 day simple moving average of $13.80. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $20.75 billion, a P/E ratio of 12.90, a P/E/G ratio of 3.07 and a beta of 1.05.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Huntington Bancshares had a net margin of 14.77% and a return on equity of 11.34%. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $0.35 earnings per share. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.19 EPS for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were given a $0.155 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.33%. Huntington Bancshares’s dividend payout ratio is 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.