Huntington Bancshares Incorporated $HBAN Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Huntington Bancshares by 26.4%, owning 167,515 shares worth approximately $2.8 million as of the latest SEC filing.
• Huntington Bancshares recently announced a quarterly dividend of $0.155 per share, which implies a dividend yield of 3.8% and a payout ratio of 45.93%.
• Analysts have boosted their target price on Huntington Bancshares, with recent upgrades from institutions including Morgan Stanley and Deutsche Bank, indicating strong market confidence in the stock.

Vanguard Personalized Indexing Management LLC raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 26.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,515 shares of the bank's stock after purchasing an additional 35,014 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Huntington Bancshares were worth $2,808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its position in Huntington Bancshares by 9.1% in the second quarter. Concurrent Investment Advisors LLC now owns 12,055 shares of the bank's stock valued at $202,000 after purchasing an additional 1,004 shares during the period. Johnson Investment Counsel Inc. increased its holdings in Huntington Bancshares by 34.4% in the second quarter. Johnson Investment Counsel Inc. now owns 154,365 shares of the bank's stock valued at $2,587,000 after buying an additional 39,497 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Huntington Bancshares by 8.7% in the second quarter. Fifth Third Wealth Advisors LLC now owns 16,277 shares of the bank's stock valued at $273,000 after acquiring an additional 1,307 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Huntington Bancshares in the second quarter valued at $144,000. Finally, Aberdeen Group plc boosted its stake in Huntington Bancshares by 17.2% in the second quarter. Aberdeen Group plc now owns 1,388,578 shares of the bank's stock valued at $23,349,000 after acquiring an additional 204,274 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.8%

Shares of HBAN opened at $16.21 on Thursday. The firm has a market cap of $23.65 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The company's fifty day moving average is $17.10 and its two-hundred day moving average is $16.08. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two 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.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The business had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 17.36% and a return on equity of 11.81%. Analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.155 per share. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. Huntington Bancshares's payout ratio is presently 45.93%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HBAN. Morgan Stanley increased their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Citigroup raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Jefferies Financial Group raised their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Finally, DA Davidson raised their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.37.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.89% of the company's stock.

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.

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