Korea Investment CORP Buys 2,974 Shares of Huntington Bancshares Incorporated $HBAN

Korea Investment CORP lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 686,498 shares of the bank’s stock after acquiring an additional 2,974 shares during the quarter. Korea Investment CORP’s holdings in Huntington Bancshares were worth $10,304,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Smallwood Wealth Investment Management LLC acquired a new position in Huntington Bancshares during the first quarter valued at approximately $29,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Huntington Bancshares during the 1st quarter worth $31,000. Golden State Wealth Management LLC grew its stake in Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after buying an additional 1,869 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Huntington Bancshares in the 1st quarter valued at $39,000. Finally, TruNorth Capital Management LLC bought a new position in Huntington Bancshares in the 1st quarter worth $40,000. 80.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 13,700 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $15.79, for a total value of $216,323.00. Following the completion of the sale, the executive vice president owned 337,879 shares of the company’s stock, valued at $5,335,109.41. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Down 0.8%

Shares of NASDAQ HBAN opened at $16.66 on Friday. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. The business has a fifty day moving average of $16.59 and a two-hundred day moving average of $15.68. The stock has a market cap of $24.30 billion, a PE ratio of 12.34, a PEG ratio of 0.86 and a beta of 0.93.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 45.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HBAN. Cowen assumed coverage on Huntington Bancshares in a research report on Wednesday, May 14th. They issued a “buy” rating on the stock. DA Davidson raised their target price on Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 21st. Jefferies Financial Group started coverage on Huntington Bancshares in a research report on Wednesday, May 21st. They issued a “buy” rating and a $20.00 price target on the stock. TD Cowen began coverage on Huntington Bancshares in a research report on Thursday, May 15th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research report on Thursday, April 24th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.68.

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.