Hsbc Holdings PLC Has $121.55 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Hsbc Holdings PLC decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,774,513 shares of the bank’s stock after selling 386,572 shares during the quarter. Hsbc Holdings PLC’s holdings in Huntington Bancshares were worth $121,551,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Elevated Capital Advisors LLC boosted its position in Huntington Bancshares by 8.3% during the 1st quarter. Elevated Capital Advisors LLC now owns 56,444 shares of the bank’s stock worth $883,000 after acquiring an additional 4,321 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Huntington Bancshares by 7.1% in the 1st quarter. Kestra Advisory Services LLC now owns 715,431 shares of the bank’s stock valued at $11,196,000 after purchasing an additional 47,314 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Huntington Bancshares by 19.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,087,371 shares of the bank’s stock worth $79,617,000 after purchasing an additional 814,324 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in shares of Huntington Bancshares by 33.7% in the first quarter. Resona Asset Management Co. Ltd. now owns 635,301 shares of the bank’s stock worth $9,867,000 after purchasing an additional 160,145 shares in the last quarter. Finally, Beam Wealth Advisors Inc. acquired a new stake in shares of Huntington Bancshares during the first quarter worth approximately $3,240,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Trading Down 1.7%

Shares of NASDAQ HBAN opened at $18.25 on Friday. The business has a 50 day simple moving average of $16.90 and a 200 day simple moving average of $16.92. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The stock has a market cap of $37.00 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter last year, the firm earned $0.34 earnings per share. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.62 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were issued a dividend of $0.155 per share. The ex-dividend date was Wednesday, June 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.4%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

Analysts Set New Price Targets

HBAN has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group lowered shares of Huntington Bancshares from a “buy” rating to a “hold” rating and decreased their target price for the company from $21.00 to $19.00 in a research note on Monday, July 6th. Evercore restated an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Monday, July 6th. Weiss Ratings upgraded shares of Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Finally, Morgan Stanley upped their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.25.

Insiders Place Their Bets

In related news, EVP Marcy C. Hingst sold 10,568 shares of Huntington Bancshares stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. The trade was a 3.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 33,500 shares of company stock worth $617,542 in the last 90 days. 0.67% of the stock is owned by insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.