Van Lanschot Kempen Investment Management N.V. Decreases Stake in Huntington Bancshares Incorporated $HBAN

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Van Lanschot Kempen Investment Management N.V. trimmed its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,789,075 shares of the bank's stock after selling 643,111 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 0.26% of Huntington Bancshares worth $56,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Huntington Bancshares during the 1st quarter worth approximately $29,000. LFA Lugano Financial Advisors SA bought a new position in Huntington Bancshares during the 1st quarter worth approximately $31,000. Golden State Wealth Management LLC grew its position in Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank's stock worth $33,000 after acquiring an additional 1,869 shares during the last quarter. Wayfinding Financial LLC bought a new position in Huntington Bancshares during the 1st quarter worth approximately $39,000. Finally, TruNorth Capital Management LLC bought a new position in Huntington Bancshares during the 1st quarter worth approximately $40,000. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Up 4.2%

Shares of HBAN traded up $0.70 on Friday, reaching $17.36. The stock had a trading volume of 30,878,382 shares, compared to its average volume of 28,964,992. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of $16.63 and a 200-day simple moving average of $15.68. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 17th. 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 the business's stock in a transaction on Friday, June 13th. The stock was 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 of the company's stock, valued at approximately $5,335,109.41. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.89% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on HBAN. 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 research report on Thursday, July 3rd. DA Davidson lifted their price objective on Huntington Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. TD Cowen began coverage on Huntington Bancshares in a research report on Thursday, May 15th. They issued a "buy" rating and a $20.00 price objective on the stock. Cowen began coverage on Huntington Bancshares in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Finally, Argus set a $17.00 price objective on Huntington Bancshares in a research report on Friday, April 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares has an average rating of "Moderate Buy" and an average price target 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.