Huntington Bancshares Incorporated $HBAN Holdings Lifted by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,107 shares of the bank’s stock after acquiring an additional 11,666 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Huntington Bancshares were worth $1,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Huntington Bancshares by 6.4% during the first quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock valued at $633,000 after purchasing an additional 2,540 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Huntington Bancshares by 6.7% in the first quarter. Asset Management One Co. Ltd. now owns 596,085 shares of the bank’s stock valued at $8,947,000 after buying an additional 37,399 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Huntington Bancshares by 11.0% during the 1st quarter. International Assets Investment Management LLC now owns 11,509 shares of the bank’s stock valued at $173,000 after acquiring an additional 1,145 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Huntington Bancshares by 516.3% during the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock worth $33,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Huntington Bancshares by 25.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 241,515 shares of the bank’s stock worth $3,625,000 after acquiring an additional 48,531 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of recent analyst reports. Citigroup increased their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. DA Davidson raised their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Morgan Stanley boosted their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Thursday, July 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $19.76.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $16.07 on Friday. The company has a market capitalization of $23.44 billion, a PE ratio of 11.24, a PEG ratio of 0.70 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The company’s 50 day moving average price is $17.02 and its 200 day moving average price is $16.21. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The company had revenue of $469.00 million during the quarter. Research analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th will be paid a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.9%. Huntington Bancshares’s payout ratio is 43.36%.

Insiders Place Their Bets

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently 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.