Huntington Bancshares Incorporated $HBAN Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 33.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,538,160 shares of the bank’s stock after purchasing an additional 1,646,174 shares during the quarter. Squarepoint Ops LLC owned approximately 0.45% of Huntington Bancshares worth $109,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HBAN. Sei Investments Co. boosted its position in Huntington Bancshares by 6.2% during the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank’s stock valued at $11,859,000 after purchasing an additional 41,156 shares during the period. Heritage Wealth Management Inc. lifted its stake in Huntington Bancshares by 5.3% in the second quarter. Heritage Wealth Management Inc. now owns 55,041 shares of the bank’s stock valued at $922,000 after buying an additional 2,750 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Huntington Bancshares during the second quarter valued at $3,350,000. AXA S.A. grew its position in shares of Huntington Bancshares by 485.2% during the second quarter. AXA S.A. now owns 737,250 shares of the bank’s stock worth $12,356,000 after acquiring an additional 611,265 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Huntington Bancshares by 6.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank’s stock worth $3,674,000 after acquiring an additional 12,865 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Trading Up 3.4%

Huntington Bancshares stock opened at $17.56 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.03. 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 has a market capitalization of $25.63 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.64 and a beta of 0.96. The firm has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $16.52.

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

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio is 43.36%.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 64,587 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $15.38, for a total value of $993,348.06. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marcy C. Hingst sold 6,416 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $15.65, for a total transaction of $100,410.40. Following the transaction, the executive vice president owned 252,305 shares of the company’s stock, valued at approximately $3,948,573.25. This trade represents a 2.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HBAN. Evercore ISI started coverage on shares of Huntington Bancshares in a research note on Tuesday, October 21st. They set an “outperform” rating and a $18.00 target price for the company. Piper Sandler raised their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. DA Davidson reissued a “buy” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, October 28th. Finally, Jefferies Financial Group raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.64.

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.