B. Metzler seel. Sohn & Co. AG Lowers Stake in Huntington Bancshares Incorporated $HBAN

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Huntington Bancshares by 11.4%, owning 356,213 shares after selling 46,026 shares, valued at $5,347,000.
• Institutional investors hold 80.72% of Huntington Bancshares, with several firms including Northern Trust Corp and Integrated Wealth Concepts LLC increasing their holdings.
• Huntington Bancshares announced a quarterly dividend of $0.155 payable on October 1st, representing an annualized dividend yield of 3.5%.

B. Metzler seel. Sohn & Co. AG reduced its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 356,213 shares of the bank's stock after selling 46,026 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Huntington Bancshares were worth $5,347,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Huntington Bancshares by 1,462.4% in the 1st quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank's stock worth $3,188,000 after acquiring an additional 198,796 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Huntington Bancshares by 11.9% in the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank's stock worth $388,000 after acquiring an additional 2,751 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Huntington Bancshares by 13.5% in the 1st quarter. Brown Advisory Inc. now owns 36,467 shares of the bank's stock worth $547,000 after acquiring an additional 4,347 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Huntington Bancshares by 4.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 111,990 shares of the bank's stock worth $1,681,000 after acquiring an additional 4,321 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in Huntington Bancshares by 99,980.0% during the 1st quarter. NBC Securities Inc. now owns 10,008 shares of the bank's stock worth $150,000 after buying an additional 9,998 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Down 1.7%

Shares of HBAN traded down $0.30 during midday trading on Tuesday, reaching $17.51. The stock had a trading volume of 10,768,493 shares, compared to its average volume of 25,465,086. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The company's fifty day simple moving average is $16.86 and its two-hundred day simple moving average is $15.70. The company has a market cap of $25.54 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio (DPR) is presently 45.93%.

Wall Street Analyst Weigh In

HBAN has been the topic of a number of research reports. Citigroup increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Truist Financial increased their target price on shares of Huntington Bancshares from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, June 13th. TD Cowen initiated coverage on shares of Huntington Bancshares in a report on Thursday, May 15th. They set a "buy" rating and a $20.00 target price on the stock. Wolfe Research upgraded shares of Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a report on Thursday, July 3rd. Finally, DA Davidson increased their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Two investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.68.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 13,700 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $216,323.00. Following the transaction, the executive vice president directly owned 337,879 shares of the company's stock, valued at $5,335,109.41. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.