Huntington Bancshares Incorporated $HBAN is Windsor Advisory Group LLC's 5th Largest Position

Key Points

• Windsor Advisory Group LLC increased its stake in Huntington Bancshares by 18.5% during Q1, now holding 120,720 shares, making it the fund's 5th largest position.
• Insider activity was noted as EVP Marcy C. Hingst sold 13,700 shares, marking a 3.90% decline in her ownership, while the company maintains a 0.89% insider ownership level.
• Analysts have mixed ratings on HBAN, with a consensus rating of "Moderate Buy" and an average target price of $18.74, reflecting various recent upgrades and downgrades in ratings.

Windsor Advisory Group LLC grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 18.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,720 shares of the bank's stock after buying an additional 18,852 shares during the period. Huntington Bancshares accounts for 2.3% of Windsor Advisory Group LLC's investment portfolio, making the stock its 5th largest position. Windsor Advisory Group LLC's holdings in Huntington Bancshares were worth $1,812,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Huntington Bancshares in the 1st quarter worth about $29,000. Quarry LP boosted its position in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank's stock worth $29,000 after purchasing an additional 814 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Huntington Bancshares during the first quarter worth about $31,000. Golden State Wealth Management LLC increased its stake in shares of Huntington Bancshares by 516.3% in the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank's stock worth $33,000 after purchasing an additional 1,869 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Huntington Bancshares in the first quarter valued at approximately $39,000. Institutional investors own 80.72% of the company's stock.

Insider Activity

In other news, EVP Marcy C. Hingst sold 13,700 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $15.79, for a total transaction of $216,323.00. Following the completion of the transaction, the executive vice president owned 337,879 shares of the company's stock, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HBAN shares. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Wall Street Zen cut shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. TD Cowen initiated coverage on Huntington Bancshares in a report on Thursday, May 15th. They issued a "buy" rating and a $20.00 price target for the company. Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target for the company in a research report on Thursday, July 3rd. Finally, Jefferies Financial Group boosted their price objective on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $18.74.

Huntington Bancshares Trading Up 0.6%

Huntington Bancshares stock opened at $17.73 on Tuesday. The stock has a market cap of $25.86 billion, a P/E ratio of 13.13, a PEG ratio of 0.85 and a beta of 0.96. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The firm's fifty day moving average price is $16.98 and its 200-day moving average price is $15.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89.

Huntington Bancshares Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. 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.

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