Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Position in Huntington Bancshares Incorporated $HBAN

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,226,978 shares of the bank’s stock after purchasing an additional 269,813 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Huntington Bancshares were worth $20,564,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC purchased a new stake in shares of Huntington Bancshares during the second quarter worth about $25,000. MTM Investment Management LLC purchased a new stake in Huntington Bancshares during the 2nd quarter worth approximately $25,000. Quarry LP increased its stake in Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after buying an additional 814 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Huntington Bancshares during the second quarter valued at approximately $30,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Huntington Bancshares by 74.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,794 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,195 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other news, Director John C. Inglis purchased 6,506 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were bought at an average cost of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the purchase, the director directly owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 0.3%

Shares of HBAN stock opened at $15.35 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The company’s 50-day moving average price is $16.37 and its 200-day moving average price is $16.43. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.66 and a beta of 1.01.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio is 43.36%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stephens boosted their price target on Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Citigroup lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Evercore ISI started coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.66.

Huntington Bancshares 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.