Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Holdings in Huntington Bancshares Incorporated $HBAN

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 28.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,263 shares of the bank’s stock after selling 76,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Huntington Bancshares were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in HBAN. MTM Investment Management LLC acquired a new stake in Huntington Bancshares during the second quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Huntington Bancshares during the 2nd quarter worth $30,000. First Horizon Corp acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth about $36,000. Trust Co. of Vermont raised its holdings in Huntington Bancshares by 249.8% in the 2nd quarter. Trust Co. of Vermont now owns 2,690 shares of the bank’s stock valued at $45,000 after buying an additional 1,921 shares during the period. Finally, REAP Financial Group LLC lifted its position in Huntington Bancshares by 66.6% in the second quarter. REAP Financial Group LLC now owns 2,800 shares of the bank’s stock valued at $47,000 after buying an additional 1,119 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens lifted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, December 18th. Raymond James Financial reiterated a “strong-buy” rating and issued a $20.00 target price (down previously from $21.00) on shares of Huntington Bancshares in a report on Monday, October 20th. Piper Sandler upped their price target on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. Barclays lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $20.08.

Insider Buying and Selling at Huntington Bancshares

In other news, Director John C. Inglis bought 6,506 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the purchase, the director owned 89,831 shares in the company, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marcy C. Hingst sold 12,832 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the transaction, the executive vice president directly owned 239,473 shares in the company, valued at $4,310,514. This trade represents a 5.09% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 97,863 shares of company stock worth $1,581,634. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Price Performance

HBAN stock opened at $18.02 on Monday. The business’s 50-day moving average is $17.06 and its two-hundred day moving average is $16.86. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $28.38 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.67 and a beta of 0.95. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.62.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share 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 $580.00 million for the quarter. Analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.