Mn Services Vermogensbeheer B.V. Purchases 22,100 Shares of Huntington Bancshares Incorporated $HBAN

Key Points

• Mn Services Vermogensbeheer B.V. increased its holdings in Huntington Bancshares by 4.2%, owning 546,000 shares valued at approximately $9.15 million at the end of the last reporting period.
• Several institutional investors have recently adjusted their positions, with a notable 9.5% increase in shares owned by UBS AM, bringing their total to over 13.67 million shares valued at around $222.57 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Huntington Bancshares, with two analysts rating it a Strong Buy and an average target price of $18.79.

Mn Services Vermogensbeheer B.V. grew its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 546,000 shares of the bank's stock after buying an additional 22,100 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Huntington Bancshares were worth $9,151,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm's stock in a transaction on Friday, September 5th. The stock was 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 in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HBAN. Wall Street Zen lowered Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Truist Financial increased their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Citigroup boosted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Friday. Wolfe Research raised shares of Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price objective for the company in a report on Thursday, July 3rd. Finally, DA Davidson lifted their price objective on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.84.

Huntington Bancshares Trading Down 2.1%

HBAN traded down $0.38 on Monday, hitting $17.35. The company had a trading volume of 16,335,129 shares, compared to its average volume of 25,797,373. The business's fifty day simple moving average is $17.02 and its 200 day simple moving average is $15.86. 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 12-month low of $11.91 and a 12-month high of $18.44. The company has a market cap of $25.30 billion, a PE ratio of 12.85, a PEG ratio of 0.86 and a beta of 0.97.

Huntington Bancshares Announces Dividend

The business 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 dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares's payout ratio is currently 45.93%.

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.