Gulf International Bank UK Ltd Has $1.29 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Key Points

• Gulf International Bank UK Ltd reduced its stake in Huntington Bancshares by 24.1%, selling 27,189 shares and holding 85,755 shares worth $1,287,000 as of the latest SEC filing.
• Several institutional investors increased their stakes in Huntington Bancshares, with Rockefeller Capital Management raising its ownership by 24.6% and NewEdge Advisors increasing its stake by 51.9%.
• Huntington Bancshares' stock received mixed ratings from analysts, with a current consensus rating of "Moderate Buy" and a target price of $18.68, alongside recent upgrades and downgrades from various brokerages.

Gulf International Bank UK Ltd decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,755 shares of the bank's stock after selling 27,189 shares during the quarter. Gulf International Bank UK Ltd's holdings in Huntington Bancshares were worth $1,287,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC boosted its stake in Huntington Bancshares by 2.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank's stock valued at $436,000 after purchasing an additional 691 shares in the last quarter. Winch Advisory Services LLC boosted its stake in Huntington Bancshares by 18.3% during the 1st quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank's stock valued at $69,000 after purchasing an additional 709 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in Huntington Bancshares by 4.0% during the 4th quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock valued at $326,000 after purchasing an additional 762 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Huntington Bancshares by 5.5% during the 1st quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank's stock valued at $241,000 after purchasing an additional 844 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Huntington Bancshares by 4.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,835 shares of the bank's stock valued at $328,000 after purchasing an additional 847 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Up 0.3%

Shares of Huntington Bancshares stock traded up $0.0550 during midday trading on Wednesday, hitting $16.6750. The company's stock had a trading volume of 18,797,569 shares, compared to its average volume of 25,568,783. The firm has a market capitalization of $24.33 billion, a P/E ratio of 12.35, a PEG ratio of 0.85 and a beta of 0.93. The stock has a 50-day simple moving average of $16.56 and a 200-day simple moving average of $15.67. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 13,700 shares of the firm's stock in a transaction on Friday, June 13th. The stock was 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 owned 337,879 shares of the company's stock, valued at $5,335,109.41. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research reports. Truist Financial increased their price target on Huntington Bancshares from $18.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, June 13th. DA Davidson increased their price objective on Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft upgraded Huntington Bancshares from a "hold" rating to a "buy" rating and set a $17.50 price objective for the company in a research report on Thursday, April 24th. Citigroup increased their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Argus set a $17.00 price objective on Huntington Bancshares in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.68.

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.