Mn Services Vermogensbeheer B.V. Has $9.15 Million Holdings in 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. raised its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 546,000 shares of the bank's stock after acquiring an additional 22,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Huntington Bancshares were worth $9,151,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Huntington Bancshares by 0.6% in the first quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank's stock valued at $2,611,094,000 after acquiring an additional 978,565 shares in the last quarter. Invesco Ltd. increased its stake in shares of Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank's stock worth $858,371,000 after purchasing an additional 4,586,607 shares in the last quarter. Victory Capital Management Inc. raised its stake in Huntington Bancshares by 9.2% during the 1st quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank's stock worth $357,670,000 after acquiring an additional 2,003,683 shares during the period. Amundi grew its position in shares of Huntington Bancshares by 26.2% during the first quarter. Amundi now owns 22,011,639 shares of the bank's stock worth $330,395,000 after purchasing an additional 4,576,432 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Huntington Bancshares by 2.5% during the first quarter. Federated Hermes Inc. now owns 20,103,485 shares of the bank's stock valued at $301,753,000 after purchasing an additional 498,182 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares of the company's stock, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HBAN shares. Truist Financial boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wall Street Zen lowered shares of Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Citigroup increased their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday. Raymond James Financial reaffirmed a "strong-buy" rating and set a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Finally, Jefferies Financial Group boosted their target price on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.84.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN traded up $0.28 during trading on Tuesday, reaching $17.61. The company had a trading volume of 3,197,316 shares, compared to its average volume of 25,700,033. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The stock has a market capitalization of $25.68 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 0.86 and a beta of 0.96. The stock has a 50-day moving average price of $17.02 and a two-hundred day moving average price of $15.87. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares Dividend Announcement

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 $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 payout ratio is presently 45.93%.

Huntington Bancshares 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.