Lynx Investment Advisory Buys 1,360 Shares of Huntington Bancshares Incorporated $HBAN

Lynx Investment Advisory raised its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,960 shares of the bank’s stock after buying an additional 1,360 shares during the period. Lynx Investment Advisory’s holdings in Huntington Bancshares were worth $603,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HBAN. AQR Capital Management LLC raised its holdings 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 valued at $157,292,000 after buying an additional 7,889,004 shares in the last quarter. Invesco Ltd. grew 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 purchasing an additional 4,586,607 shares during the last quarter. Amundi grew 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 purchasing an additional 4,576,432 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Huntington Bancshares in the first quarter valued at about $50,078,000. Finally, Deutsche Bank AG grew 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 purchasing an additional 2,865,727 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This trade 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 at this link. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Down 0.5%

Shares of Huntington Bancshares stock opened at $17.27 on Wednesday. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The firm has a market capitalization of $25.19 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The company’s fifty day moving average price is $17.10 and its two-hundred day moving average price is $15.98.

Huntington Bancshares Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 price target (up from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.24.

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.