Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 20,800 Shares of Huntington Bancshares Incorporated $HBAN

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 265,263 shares of the bank’s stock after acquiring an additional 20,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Huntington Bancshares were worth $4,446,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Accurate Wealth Management LLC raised its stake in shares of Huntington Bancshares by 3.5% during the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock worth $319,000 after purchasing an additional 611 shares in the last quarter. LifeWealth Investments LLC raised its stake in shares of Huntington Bancshares by 2.3% during the 2nd quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock worth $478,000 after purchasing an additional 632 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Huntington Bancshares by 0.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 164,551 shares of the bank’s stock worth $2,758,000 after purchasing an additional 668 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Huntington Bancshares by 2.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 29,023 shares of the bank’s stock worth $436,000 after purchasing an additional 691 shares in the last quarter. Finally, Winch Advisory Services LLC raised its stake in shares of Huntington Bancshares by 18.3% during the 1st quarter. Winch Advisory Services LLC now owns 4,579 shares of the bank’s stock worth $69,000 after purchasing an additional 709 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $15.32 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The stock’s fifty day moving average price is $16.92 and its two-hundred day moving average price is $16.27. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.66 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The firm had revenue of $469.00 million for the quarter. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 43.36%.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction 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 $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HBAN shares. Stephens upped their price objective on Huntington Bancshares from $18.00 to $19.00 in a research note on Friday, October 17th. Citigroup upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Evercore ISI started coverage on Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective on the stock. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Thursday, July 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.82.

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.