Huntington Bancshares Incorporated $HBAN Stock Bought by StoneX Group Inc.

StoneX Group Inc. raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1,239.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,848 shares of the bank’s stock after purchasing an additional 149,765 shares during the period. StoneX Group Inc.’s holdings in Huntington Bancshares were worth $2,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Trust Co. of Vermont purchased a new stake in shares of Huntington Bancshares during the 2nd quarter valued at $29,000. TD Waterhouse Canada Inc. boosted its stake in shares of Huntington Bancshares by 90.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,682 shares of the bank’s stock valued at $26,000 after buying an additional 800 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Huntington Bancshares during the second quarter worth approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Huntington Bancshares during the second quarter worth approximately $35,000. Finally, Livelsberger Financial Advisory bought a new stake in shares of Huntington Bancshares in the third quarter worth $31,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Price Performance

NASDAQ HBAN opened at $15.47 on Monday. The stock’s 50-day moving average price is $15.84 and its two-hundred day moving average price is $16.65. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The company has a market cap of $31.26 billion, a PE ratio of 12.79, a PEG ratio of 1.00 and a beta of 0.97. Huntington Bancshares Incorporated has a 1 year low of $14.82 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the business posted $0.41 EPS. On average, analysts predict that Huntington Bancshares Incorporated will post 1.54 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 18th will be issued a dividend of $0.1550 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is presently 51.24%.

Insider Buying and Selling at Huntington Bancshares

In other news, SVP Donnell White sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $15.87, for a total value of $47,610.00. Following the sale, the senior vice president owned 23,697 shares in the company, valued at approximately $376,071.39. The trade was a 11.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Rollins, III bought 14,000 shares of the stock in a transaction dated Monday, October 26th. The stock was purchased at an average cost of $18.12 per share, for a total transaction of $253,680.00. Following the acquisition, the director owned 15,500 shares in the company, valued at $280,860. The trade was a 933.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

HBAN has been the subject of a number of research analyst reports. Zacks Research lowered shares of Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Truist Financial decreased their price objective on shares of Huntington Bancshares from $19.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Argus lowered their price objective on shares of Huntington Bancshares from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Wolfe Research cut Huntington Bancshares from an “outperform” rating to a “peer perform” rating in a report on Tuesday, October 27th. Finally, Stephens dropped their target price on Huntington Bancshares from $19.00 to $18.00 in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average price target of $18.89.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer and commercial banking services to individuals, businesses, and institutions. The company traces its roots to 1866, when P.W. Huntington & Company opened in Columbus.

Huntington’s offerings include checking and savings accounts, credit cards, mortgages, auto loans, business lending, treasury management, wealth management, and investment services.