Huntington Bancshares Incorporated $HBAN Shares Purchased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its holdings in Huntington Bancshares by 2.9%, owning 629,161 shares valued at approximately $9.44 million as of the end of the most recent quarter.
• Several institutional investors, including Norinchukin Bank and HSBC Holdings, also bolstered their positions in Huntington Bancshares during the same period, contributing to a collective ownership of 80.72% of the company’s stock.
• The company recently announced a quarterly dividend of $0.155 per share, representing an annualized yield of 3.6%, with the payment scheduled for October 1st.

Kestra Advisory Services LLC raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629,161 shares of the bank's stock after acquiring an additional 17,480 shares during the period. Kestra Advisory Services LLC's holdings in Huntington Bancshares were worth $9,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundations Investment Advisors LLC lifted its stake in Huntington Bancshares by 2.4% in the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank's stock valued at $436,000 after buying an additional 691 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of Huntington Bancshares by 18.3% during the first quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank's stock valued at $69,000 after acquiring an additional 709 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Huntington Bancshares by 5.5% during 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. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Huntington Bancshares by 4.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,835 shares of the bank's stock valued at $328,000 after acquiring an additional 847 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in shares of Huntington Bancshares by 7.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank's stock worth $195,000 after acquiring an additional 856 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Trading Up 0.0%

NASDAQ HBAN traded up $0.01 during trading hours on Friday, reaching $17.81. The company had a trading volume of 18,392,626 shares, compared to its average volume of 25,528,359. The stock has a 50-day moving average of $16.78 and a 200 day moving average of $15.70. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $25.97 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93.

Huntington Bancshares Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares's dividend payout ratio is currently 45.93%.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 13,700 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $15.79, for a total transaction of $216,323.00. Following the completion of the transaction, the executive vice president owned 337,879 shares of the company's stock, valued at approximately $5,335,109.41. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company's stock.

Analyst Ratings Changes

HBAN has been the topic of a number of research reports. Raymond James Financial restated a "strong-buy" rating and issued a $21.00 price objective (up previously from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. TD Cowen started coverage on shares of Huntington Bancshares in a research report on Thursday, May 15th. They set a "buy" rating and a $20.00 price target on the stock. Cowen assumed coverage on shares of Huntington Bancshares in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Citigroup lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Truist Financial boosted their price objective on Huntington Bancshares from $18.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Two research 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.68.

Huntington Bancshares Company 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.