Huntington Bancshares Incorporated $HBAN Shares Purchased by Hill Island Financial LLC

Hill Island Financial LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,491 shares of the bank’s stock after purchasing an additional 1,726 shares during the period. Hill Island Financial LLC’s holdings in Huntington Bancshares were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of 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 during the last quarter. Invesco Ltd. lifted its position in Huntington Bancshares by 8.7% during the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after acquiring an additional 4,586,607 shares during the period. Amundi grew its stake in Huntington Bancshares by 26.2% during 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 acquired a new position in shares of Huntington Bancshares in the first quarter valued at about $50,078,000. Finally, Deutsche Bank AG raised its stake 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 worth $133,145,000 after purchasing an additional 2,865,727 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HBAN. Deutsche Bank Aktiengesellschaft upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Thursday, July 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Saturday, September 27th. Finally, Morgan Stanley increased their price target on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.24.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.21 on Friday. 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 stock’s 50 day simple moving average is $17.12 and its 200-day simple moving average is $16.03. The company has a market cap of $25.11 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.83 and a beta of 0.96. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44.

Huntington Bancshares Dividend Announcement

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

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.

Huntington Bancshares Company Profile

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.