Nordea Investment Management AB Has $2.05 Million Stake in Huntington Bancshares Incorporated $HBAN

Nordea Investment Management AB lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 12.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 122,383 shares of the bank’s stock after acquiring an additional 13,511 shares during the period. Nordea Investment Management AB’s holdings in Huntington Bancshares were worth $2,053,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Family Legacy Financial Solutions LLC bought a new position in shares of Huntington Bancshares in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Huntington Bancshares in the 1st quarter valued at $29,000. Quarry LP grew its stake in Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in Huntington Bancshares in the 1st quarter worth $31,000. Finally, Golden State Wealth Management LLC lifted its position in 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 during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $15.87 on Thursday. The stock has a market cap of $23.15 billion, a PE ratio of 11.10, a P/E/G ratio of 0.75 and a beta of 0.96. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The stock’s 50 day simple moving average is $17.05 and its 200-day simple moving average is $16.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced 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. Sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Dividend Announcement

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

Analyst Upgrades and Downgrades

HBAN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Citigroup lifted their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Evercore ISI started coverage on Huntington Bancshares in a research report on Tuesday. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.76.

Insider Buying and Selling

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 stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the sale, the executive vice president directly owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.89% of the stock is currently owned by corporate 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.