Meiji Yasuda Asset Management Co Ltd. Has $936,000 Stake in Huntington Bancshares Incorporated $HBAN

Key Points

• Meiji Yasuda Asset Management Co Ltd. significantly reduced its holdings in Huntington Bancshares by 71.3% during the first quarter, now owning shares valued at $936,000.
• Huntington Bancshares recently announced a quarterly dividend of $0.155, yielding 3.5% annually, with an ex-dividend date of September 17th.
• Brokerages have varied opinions on Huntington Bancshares, with ratings ranging from Strong Buy to Sell, and a consensus rating of Moderate Buy with a price target of $18.74.

Meiji Yasuda Asset Management Co Ltd. decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 71.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,348 shares of the bank's stock after selling 155,192 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Huntington Bancshares were worth $936,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Foundations Investment Advisors LLC grew its holdings in shares of Huntington Bancshares by 2.4% during the first quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank's stock worth $436,000 after purchasing an additional 691 shares during the last quarter. Winch Advisory Services LLC grew 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 worth $69,000 after purchasing an additional 709 shares during the last quarter. Quarry LP grew its holdings in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank's stock worth $29,000 after purchasing an additional 814 shares during the last quarter. First Horizon Advisors Inc. grew 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 worth $241,000 after purchasing an additional 844 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Huntington Bancshares by 4.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,835 shares of the bank's stock worth $328,000 after purchasing an additional 847 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value 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. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.89% of the company's stock.

Huntington Bancshares Trading Up 0.2%

HBAN stock traded up $0.03 during trading on Friday, hitting $17.77. The company had a trading volume of 21,708,807 shares, compared to its average volume of 24,835,348. The business has a 50-day moving average of $17.00 and a 200-day moving average of $15.80. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44. The stock has a market cap of $25.92 billion, a PE ratio of 13.16, a PEG ratio of 0.86 and a beta of 0.97. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares's payout ratio is 45.93%.

Analyst Ratings Changes

HBAN has been the topic of several research reports. Wolfe Research upgraded Huntington Bancshares from a "peer perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a report on Thursday, July 3rd. Raymond James Financial restated a "strong-buy" rating and set a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a report on Tuesday, July 8th. Wall Street Zen cut Huntington Bancshares from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Jefferies Financial Group upped their target price on Huntington Bancshares from $19.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Finally, Citigroup upped their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Two 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 assigned a Sell rating to the company's stock. According to MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $18.79.

About Huntington Bancshares

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.