QRG Capital Management Inc. Acquires 1,517 Shares of Huntington Bancshares Incorporated $HBAN

QRG Capital Management Inc. grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,344 shares of the bank’s stock after acquiring an additional 1,517 shares during the period. QRG Capital Management Inc.’s holdings in Huntington Bancshares were worth $458,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Huntington Bancshares by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 173,956,974 shares of the bank’s stock valued at $2,611,094,000 after acquiring an additional 978,565 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after acquiring an additional 4,586,607 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Huntington Bancshares by 9.2% in the 1st quarter. Victory Capital Management Inc. now owns 23,828,775 shares of the bank’s stock valued at $357,670,000 after acquiring an additional 2,003,683 shares during the last quarter. Amundi lifted its stake in shares of Huntington Bancshares by 26.2% in the 1st quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after acquiring an additional 4,576,432 shares during 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. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $15.60 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $17.10 and a two-hundred day moving average price of $16.06. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. The company has a market cap of $22.76 billion, a P/E ratio of 11.56, a PEG ratio of 0.79 and a beta of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%.The firm had revenue of $469.00 million during the quarter. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were paid a $0.155 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 45.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HBAN shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price target on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Thursday, July 3rd. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Citigroup increased their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $19.24.

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value 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. This trade represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by corporate insiders.

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.