Machina Capital S.A.S. Purchases 37,724 Shares of Huntington Bancshares Incorporated $HBAN

Machina Capital S.A.S. grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 117.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 69,799 shares of the bank’s stock after buying an additional 37,724 shares during the quarter. Machina Capital S.A.S.’s holdings in Huntington Bancshares were worth $1,170,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in Huntington Bancshares by 274.9% during the 1st quarter. AQR Capital Management LLC now owns 10,758,669 shares of the bank’s stock valued at $157,292,000 after purchasing an additional 7,889,004 shares during the period. Invesco Ltd. grew its position in shares of Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after buying an additional 4,586,607 shares during the last quarter. Amundi increased its stake in shares of Huntington Bancshares by 26.2% during the first quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after buying an additional 4,576,432 shares during the period. Nuveen LLC purchased a new position in shares of Huntington Bancshares during the first quarter valued at approximately $50,078,000. Finally, Deutsche Bank AG raised its holdings in shares of Huntington Bancshares by 47.7% during the first quarter. Deutsche Bank AG now owns 8,870,393 shares of the bank’s stock valued at $133,145,000 after acquiring an additional 2,865,727 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Down 0.5%

Shares of NASDAQ HBAN opened at $15.37 on Tuesday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The stock has a market cap of $22.43 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96. The firm has a 50-day moving average of $16.84 and a 200 day moving average of $16.33. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The business had revenue of $469.00 million for the quarter. As a group, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s payout ratio is currently 43.36%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Truist Financial lifted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. TD Cowen lifted their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods lifted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group lifted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $19.82.

Insider Transactions at Huntington Bancshares

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

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.