1,976,893 Shares in Huntington Bancshares Incorporated $HBAN Acquired by Strs Ohio

Strs Ohio purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 1,976,893 shares of the bank’s stock, valued at approximately $29,673,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Huntington Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank’s stock worth $2,611,094,000 after purchasing an additional 978,565 shares during the last quarter. Invesco Ltd. increased its holdings in Huntington Bancshares by 8.7% during the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after purchasing an additional 4,586,607 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Huntington Bancshares by 9.2% during the 1st quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank’s stock worth $357,670,000 after purchasing an additional 2,003,683 shares during the last quarter. Amundi increased its holdings in Huntington Bancshares by 26.2% during the 1st quarter. Amundi now owns 22,011,639 shares of the bank’s stock worth $330,395,000 after purchasing an additional 4,576,432 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in Huntington Bancshares by 2.5% during the 1st quarter. Federated Hermes Inc. now owns 20,103,485 shares of the bank’s stock worth $301,753,000 after purchasing an additional 498,182 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen assumed coverage on Huntington Bancshares in a report on Thursday, May 15th. They set a “buy” rating and a $20.00 price objective on the stock. Citigroup lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Truist Financial boosted their price target on Huntington Bancshares from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday, June 13th. Jefferies Financial Group boosted their price target on Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Finally, Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.74.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.74 on Friday. The company has a market cap of $25.88 billion, a P/E ratio of 13.14, a PEG ratio of 0.85 and a beta of 0.97. The stock has a fifty day moving average price of $17.00 and a 200 day moving average price of $15.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 45.93%.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Company 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.