Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Huntington Bancshares Incorporated $HBAN

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,226,978 shares of the bank’s stock after purchasing an additional 269,813 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Huntington Bancshares worth $20,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HBAN. AQR Capital Management LLC lifted its position in Huntington Bancshares by 274.9% during the first quarter. AQR Capital Management LLC now owns 10,758,669 shares of the bank’s stock valued at $157,292,000 after acquiring an additional 7,889,004 shares during the last quarter. Invesco Ltd. increased its position in shares of Huntington Bancshares by 8.7% during the first quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after purchasing an additional 4,586,607 shares in the last quarter. Amundi lifted its holdings in shares of Huntington Bancshares by 26.2% during the 1st quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after purchasing an additional 4,576,432 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter worth $50,078,000. Finally, Deutsche Bank AG boosted its position in shares of Huntington Bancshares by 47.7% in the 1st quarter. Deutsche Bank AG now owns 8,870,393 shares of the bank’s stock worth $133,145,000 after purchasing an additional 2,865,727 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stephens upped their target price on Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. 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 target on the stock. Zacks Research upgraded shares of Huntington Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Finally, Truist Financial boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.66.

Insider Buying and Selling at Huntington Bancshares

In other news, Director John C. Inglis purchased 6,506 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average cost of $15.30 per share, with a total value of $99,541.80. Following the completion of the acquisition, the director owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This represents a 7.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. The trade was a 12.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $15.35 on Wednesday. The business’s 50-day moving average is $16.37 and its two-hundred day moving average is $16.43. The company has a market capitalization of $22.40 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.66 and a beta of 1.01. 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 debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92.

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

Huntington Bancshares Dividend Announcement

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

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.