Universal Beteiligungs und Servicegesellschaft mbH Has $14.37 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 24.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 957,165 shares of the bank's stock after purchasing an additional 188,880 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Huntington Bancshares worth $14,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Winch Advisory Services LLC increased its holdings in shares of Huntington Bancshares by 18.3% in the first quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank's stock valued at $69,000 after purchasing an additional 709 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in Huntington Bancshares by 4.0% in the fourth quarter. CreativeOne Wealth LLC now owns 20,019 shares of the bank's stock valued at $326,000 after acquiring an additional 762 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Huntington Bancshares by 5.5% in the first quarter. First Horizon Advisors Inc. now owns 16,073 shares of the bank's stock valued at $241,000 after acquiring an additional 844 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Huntington Bancshares by 7.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank's stock valued at $195,000 after acquiring an additional 856 shares during the last quarter. Finally, Keudell Morrison Wealth Management boosted its stake in Huntington Bancshares by 5.2% in the first quarter. Keudell Morrison Wealth Management now owns 17,509 shares of the bank's stock valued at $263,000 after acquiring an additional 858 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Stock Down 0.8%

Shares of NASDAQ:HBAN traded down $0.14 during midday trading on Monday, reaching $16.70. 7,489,317 shares of the company were exchanged, compared to its average volume of 25,116,607. 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. The stock has a fifty day simple moving average of $16.34 and a two-hundred day simple moving average of $15.73. The firm has a market cap of $24.39 billion, a PE ratio of 12.38, a P/E/G ratio of 0.87 and a beta of 0.93.

Huntington Bancshares announced that its Board of Directors has initiated a stock repurchase plan on Thursday, April 17th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the bank to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.71%. Huntington Bancshares's payout ratio is 45.93%.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 13,700 shares of Huntington Bancshares 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 sale, the executive vice president directly owned 337,879 shares in the company, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 42,345 shares of Huntington Bancshares stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $14.72, for a total transaction of $623,318.40. Following the completion of the sale, the insider owned 592,119 shares in the company, valued at $8,715,991.68. The trade was a 6.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 115,105 shares of company stock worth $1,687,743 over the last ninety days. Company insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HBAN shares. Argus set a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, April 25th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $21.00 price objective (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Wolfe Research raised shares of Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Thursday, July 3rd. Citigroup lifted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, DA Davidson lifted their price target 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.68.

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.