Hsbc Holdings PLC Has $137.24 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Hsbc Holdings PLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,185,938 shares of the bank’s stock after buying an additional 577,385 shares during the quarter. Hsbc Holdings PLC owned approximately 0.56% of Huntington Bancshares worth $137,240,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised 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 worth $157,292,000 after acquiring an additional 7,889,004 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after purchasing an additional 4,586,607 shares during the period. Amundi lifted its stake in Huntington Bancshares by 26.2% in 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 bought a new position in Huntington Bancshares during the first quarter worth about $50,078,000. Finally, Jefferies Financial Group Inc. increased its position in Huntington Bancshares by 14,950.0% during the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock worth $50,359,000 after buying an additional 2,984,764 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

Shares of NASDAQ HBAN opened at $16.27 on Friday. The business has a fifty day moving average price of $16.09 and a two-hundred day moving average price of $16.45. The stock has a market capitalization of $23.74 billion, a PE ratio of 11.37, a P/E/G ratio of 0.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.13.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The company 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%. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be given a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.8%. Huntington Bancshares’s payout ratio is presently 43.36%.

Insider Transactions at Huntington Bancshares

In other news, Director John C. Inglis purchased 6,506 shares of Huntington Bancshares stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the transaction, the director owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. The trade was a 7.81% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the transaction, the insider directly owned 534,640 shares in the company, valued at $8,222,763.20. This trade represents a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 112,103 shares of company stock valued at $1,833,558. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, October 28th. Truist Financial lifted their price objective 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. Citigroup upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Keefe, Bruyette & Woods raised their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Finally, TD Cowen upped their price target on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus 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.