111 Capital Increases Holdings in Huntington Bancshares Incorporated $HBAN

111 Capital grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 217.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,939 shares of the bank’s stock after acquiring an additional 28,742 shares during the period. 111 Capital’s holdings in Huntington Bancshares were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HBAN. AQR Capital Management LLC lifted its position in shares of Huntington Bancshares by 274.9% in 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 in the last quarter. Invesco Ltd. lifted its position in shares of Huntington Bancshares by 8.7% in the first quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after acquiring an additional 4,586,607 shares in the last quarter. Amundi lifted its position in shares of Huntington Bancshares by 26.2% in the first quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after acquiring an additional 4,576,432 shares in the last quarter. Nuveen LLC purchased a new position in shares of Huntington Bancshares in the first quarter valued at about $50,078,000. Finally, Deutsche Bank AG lifted its position in shares of Huntington Bancshares by 47.7% in the first quarter. Deutsche Bank AG now owns 8,870,393 shares of the bank’s stock valued at $133,145,000 after acquiring an additional 2,865,727 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction that occurred 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 owned 299,361 shares of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HBAN shares. Deutsche Bank Aktiengesellschaft boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Morgan Stanley boosted their target price on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Truist Financial boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Citigroup boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Jefferies Financial Group boosted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.24.

Huntington Bancshares Trading Up 1.0%

HBAN opened at $17.21 on Friday. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 0.83 and a beta of 0.96. The stock’s 50 day moving average price is $17.12 and its 200-day moving average price is $16.03. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is 45.93%.

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.