Guggenheim Capital LLC Has $6.06 Million Position in Huntington Bancshares Incorporated $HBAN

Guggenheim Capital LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,704 shares of the bank’s stock after acquiring an additional 42,789 shares during the period. Guggenheim Capital LLC’s holdings in Huntington Bancshares were worth $6,062,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HBAN. Family Legacy Financial Solutions LLC bought a new position in shares of Huntington Bancshares in the second quarter worth $25,000. MTM Investment Management LLC acquired a new stake in Huntington Bancshares during the second quarter worth about $25,000. Quarry LP grew its stake in 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 buying an additional 814 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Huntington Bancshares in the 2nd quarter valued at about $30,000. Finally, Truvestments Capital LLC raised its position in shares of Huntington Bancshares by 1,257.8% in the 1st quarter. Truvestments Capital LLC now owns 2,960 shares of the bank’s stock valued at $44,000 after buying an additional 2,742 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HBAN. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Zacks Research downgraded Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Evercore ISI began coverage on Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective for the company. Truist Financial lifted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Finally, Jefferies Financial Group boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Huntington Bancshares Trading Down 1.2%

Shares of HBAN stock opened at $16.90 on Friday. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.03. The stock’s fifty day simple moving average is $16.04 and its 200 day simple moving average is $16.48. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $24.66 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.63 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Monday, December 1st. The bank reported $0.67 EPS for the quarter. The firm had revenue of $580.00 million for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.7%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 6,416 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $15.65, for a total value of $100,410.40. Following the sale, the executive vice president owned 252,305 shares of the company’s stock, valued at $3,948,573.25. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Helga Houston sold 64,587 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the transaction, the insider directly owned 534,640 shares of the company’s stock, valued at approximately $8,222,763.20. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.89% of the company’s stock.

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.