Aberdeen Group plc Grows Stock Position in Huntington Bancshares Incorporated $HBAN

Aberdeen Group plc increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 17.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,388,578 shares of the bank's stock after buying an additional 204,274 shares during the quarter. Aberdeen Group plc owned about 0.10% of Huntington Bancshares worth $23,349,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in shares of Huntington Bancshares by 1,462.4% during the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank's stock valued at $3,188,000 after buying an additional 198,796 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Huntington Bancshares by 43.4% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank's stock valued at $1,592,000 after buying an additional 28,739 shares during the period. Shell Asset Management Co. raised its position in shares of Huntington Bancshares by 58.7% during the 2nd quarter. Shell Asset Management Co. now owns 200,595 shares of the bank's stock valued at $3,362,000 after buying an additional 74,220 shares during the period. Czech National Bank raised its position in shares of Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank's stock valued at $5,968,000 after buying an additional 22,190 shares during the period. Finally, Trinity Financial Advisors LLC increased its holdings in Huntington Bancshares by 1,497.1% in the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank's stock valued at $4,853,000 after purchasing an additional 268,933 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.90 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average price of $17.10 and a 200 day moving average price of $16.08. The company has a market cap of $23.19 billion, a P/E ratio of 11.78, a PEG ratio of 0.74 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. Sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date was Wednesday, September 17th. Huntington Bancshares's dividend payout ratio is currently 45.93%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley lifted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, Truist Financial lifted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.37.

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.

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