Huntington Bancshares Incorporated $HBAN Shares Purchased by LJI Wealth Management LLC

LJI Wealth Management LLC increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,644 shares of the bank’s stock after acquiring an additional 2,000 shares during the quarter. LJI Wealth Management LLC’s holdings in Huntington Bancshares were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of Huntington Bancshares by 1.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 607,208 shares of the bank’s stock valued at $10,177,000 after acquiring an additional 11,123 shares during the last quarter. R Squared Ltd acquired a new position in shares of Huntington Bancshares during the 2nd quarter valued at about $206,000. Carnegie Investment Counsel boosted its position in shares of Huntington Bancshares by 2.5% during the 2nd quarter. Carnegie Investment Counsel now owns 488,523 shares of the bank’s stock valued at $8,188,000 after acquiring an additional 11,812 shares during the last quarter. LifeWealth Investments LLC boosted its position in shares of Huntington Bancshares by 2.3% during the 2nd quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after acquiring an additional 632 shares during the last quarter. Finally, Forum Financial Management LP boosted its position in shares of Huntington Bancshares by 74.1% during the 2nd quarter. Forum Financial Management LP now owns 42,749 shares of the bank’s stock valued at $716,000 after acquiring an additional 18,198 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $15.86 on Friday. The firm has a market capitalization of $23.14 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.69 and a beta of 0.96. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $18.44. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $17.03 and its two-hundred day moving average is $16.16.

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

Huntington Bancshares Announces Dividend

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

Analysts Set New Price Targets

HBAN has been the topic of a number of recent analyst reports. Citigroup upped their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Morgan Stanley upped their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. DA Davidson upped 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 Monday. Stephens upped their target price on shares of Huntington Bancshares from $18.00 to $19.00 in a research note on Friday, October 17th. Finally, Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and a consensus target price of $19.76.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.89% of the company’s stock.

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.