BNP Paribas Financial Markets Has $32.19 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Key Points

• BNP Paribas Financial Markets reduced its stake in Huntington Bancshares by 9.2%, owning 2,144,515 shares worth approximately $32.19 million as of its latest SEC filing.
• Several institutional investors, including Vanguard Group and Invesco Ltd., increased their holdings in Huntington Bancshares during the same quarter, reflecting growing institutional interest in the company.
• Huntington Bancshares announced a quarterly dividend of $0.155 per share, with an annualized payout of $0.62, representing a dividend yield of 3.5%.

BNP Paribas Financial Markets decreased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,144,515 shares of the bank's stock after selling 217,999 shares during the period. BNP Paribas Financial Markets owned about 0.15% of Huntington Bancshares worth $32,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HBAN. Mercer Global Advisors Inc. ADV lifted its stake in Huntington Bancshares by 12.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 43,808 shares of the bank's stock valued at $713,000 after purchasing an additional 5,022 shares during the last quarter. Ancora Advisors LLC increased its position in Huntington Bancshares by 6.1% in the 4th quarter. Ancora Advisors LLC now owns 69,106 shares of the bank's stock valued at $1,124,000 after acquiring an additional 4,000 shares during the period. Balyasny Asset Management L.P. acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $28,859,000. Cary Street Partners Financial LLC acquired a new position in Huntington Bancshares in the 4th quarter valued at approximately $3,555,000. Finally, Captrust Financial Advisors increased its position in Huntington Bancshares by 0.8% in the 4th quarter. Captrust Financial Advisors now owns 156,671 shares of the bank's stock valued at $2,549,000 after acquiring an additional 1,253 shares during the period. Institutional investors own 80.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HBAN. Wall Street Zen cut shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research report on Sunday, July 13th. Truist Financial upped their price target on shares of Huntington Bancshares from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Cowen began coverage on shares of Huntington Bancshares in a research report on Wednesday, May 14th. They issued a "buy" rating for the company. Raymond James Financial restated a "strong-buy" rating and issued a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Finally, TD Cowen began coverage on shares of Huntington Bancshares in a research report on Thursday, May 15th. They issued a "buy" rating and a $20.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.74.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 13,700 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $216,323.00. Following the completion of the sale, the executive vice president directly owned 337,879 shares in the company, valued at approximately $5,335,109.41. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Up 1.5%

NASDAQ:HBAN traded up $0.27 during trading hours on Thursday, reaching $17.88. The company had a trading volume of 35,999,154 shares, compared to its average volume of 25,646,330. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.91 and a beta of 0.97. The business's 50-day simple moving average is $16.91 and its two-hundred day simple moving average is $15.73. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a $0.155 dividend. 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 (DPR) is presently 45.93%.

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.