Huntington Bancshares Incorporated $HBAN Holdings Raised by Hudson Edge Investment Partners Inc.

Key Points

• Hudson Edge Investment Partners Inc. raised its stake in Huntington Bancshares by 11.7%, acquiring an additional 52,836 shares, making it the 8th largest position in its portfolio.
• Huntington Bancshares announced a quarterly dividend of $0.155, which equates to an annual yield of 3.6%, and its dividend payout ratio is 45.93%.
• Analysts have varying ratings on Huntington Bancshares, with a consensus rating of "Moderate Buy" and an average target price of $19.24.

Hudson Edge Investment Partners Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 505,027 shares of the bank's stock after acquiring an additional 52,836 shares during the period. Huntington Bancshares comprises 1.4% of Hudson Edge Investment Partners Inc.'s holdings, making the stock its 8th largest position. Hudson Edge Investment Partners Inc.'s holdings in Huntington Bancshares were worth $8,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Huntington Bancshares by 7.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 194,869 shares of the bank's stock valued at $3,266,000 after purchasing an additional 13,288 shares in the last quarter. J. Safra Sarasin Holding AG boosted its holdings in Huntington Bancshares by 177.1% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 156,604 shares of the bank's stock worth $2,625,000 after buying an additional 100,079 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Huntington Bancshares by 615.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,728,104 shares of the bank's stock worth $28,963,000 after buying an additional 1,486,589 shares during the last quarter. Woodward Diversified Capital LLC increased its stake in Huntington Bancshares by 82.3% during the 2nd quarter. Woodward Diversified Capital LLC now owns 18,568 shares of the bank's stock worth $311,000 after buying an additional 8,385 shares in the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Huntington Bancshares by 249.8% during the second quarter. Trust Co. of Vermont now owns 2,690 shares of the bank's stock valued at $45,000 after acquiring an additional 1,921 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $17.04 on Friday. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. 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 stock has a 50 day moving average price of $17.11 and a 200 day moving average price of $16.00.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of the business'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 sale, the executive vice president directly owned 299,361 shares of the company's stock, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday. Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Morgan Stanley upped their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Monday. Raymond James Financial reiterated a "strong-buy" rating and issued a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Finally, Wolfe Research raised shares of Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.24.

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.

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