Nisa Investment Advisors LLC Has $6.66 Million Holdings in Huntington Bancshares Incorporated $HBAN

Nisa Investment Advisors LLC grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,945 shares of the bank’s stock after acquiring an additional 37,542 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Huntington Bancshares were worth $6,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Huntington Bancshares by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank’s stock worth $2,611,094,000 after purchasing an additional 978,565 shares in the last quarter. Invesco Ltd. grew its stake in shares of Huntington Bancshares by 8.7% during the first quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock worth $858,371,000 after buying an additional 4,586,607 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Huntington Bancshares by 9.2% during the first quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank’s stock worth $357,670,000 after buying an additional 2,003,683 shares during the last quarter. Amundi increased its holdings in shares of Huntington Bancshares by 26.2% during the first quarter. Amundi now owns 22,011,639 shares of the bank’s stock worth $330,395,000 after buying an additional 4,576,432 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Huntington Bancshares by 2.5% in the 1st quarter. Federated Hermes Inc. now owns 20,103,485 shares of the bank’s stock valued at $301,753,000 after acquiring an additional 498,182 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the 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 approximately $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $15.54 on Wednesday. The stock has a market capitalization of $22.67 billion, a PE ratio of 10.87, a PEG ratio of 0.68 and a beta of 0.96. The business’s 50 day simple moving average is $16.98 and its 200 day simple moving average is $16.26. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly 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 firm had revenue of $469.00 million for the quarter. As a group, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HBAN shares. TD Cowen boosted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Raymond James Financial restated a “strong-buy” rating and set a $20.00 price target (down from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Citigroup upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Morgan Stanley lifted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.82.

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.