Foster Victor Wealth Advisors LLC Grows Stock Holdings in Huntington Bancshares Incorporated $HBAN

Foster Victor Wealth Advisors LLC grew its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 462,857 shares of the bank’s stock after acquiring an additional 12,826 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Huntington Bancshares were worth $8,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Huntington Bancshares in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Huntington Bancshares during the first quarter worth about $29,000. Quarry LP raised its stake in shares of 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. LFA Lugano Financial Advisors SA acquired a new stake in Huntington Bancshares in the first quarter valued at $31,000. Finally, Golden State Wealth Management LLC boosted its holdings in Huntington Bancshares by 516.3% during the first quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after buying an additional 1,869 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HBAN. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Thursday, July 3rd. Citigroup raised their price target 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. Jefferies Financial Group raised their price target on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. DA Davidson boosted their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 13th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.84.

Huntington Bancshares Trading Up 0.1%

Shares of NASDAQ:HBAN opened at $17.35 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44. The firm has a fifty day moving average of $17.04 and a two-hundred day moving average of $15.88. The firm has a market capitalization of $25.31 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.97.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th will be given 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 is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 45.93%.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction that occurred on 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. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.89% of the company’s stock.

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.