Andra AP fonden Has $12.57 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Andra AP fonden raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 168.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 727,600 shares of the bank’s stock after buying an additional 456,700 shares during the period. Andra AP fonden’s holdings in Huntington Bancshares were worth $12,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Huntington Bancshares in the second quarter worth approximately $374,474,000. Fisher Asset Management LLC boosted its position in shares of Huntington Bancshares by 1,700.0% during the second quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock valued at $56,164,000 after buying an additional 3,164,915 shares during the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Huntington Bancshares by 14,950.0% in the second quarter. Jefferies Financial Group Inc. now owns 3,004,729 shares of the bank’s stock valued at $50,359,000 after purchasing an additional 2,984,764 shares during the last quarter. Boston Partners increased its position in shares of Huntington Bancshares by 4.8% during the second quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock valued at $1,020,382,000 after acquiring an additional 2,776,429 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Huntington Bancshares by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock worth $2,954,792,000 after buying an additional 2,343,244 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Brendan A. Lawlor sold 17,455 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $18.93, for a total value of $330,423.15. Following the sale, the vice president owned 42,398 shares in the company, valued at $802,594.14. This represents a 29.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary Torgow bought 14,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of $17.81 per share, with a total value of $252,902.00. Following the completion of the purchase, the director owned 943,341 shares in the company, valued at approximately $16,800,903.21. This trade represents a 1.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders sold 50,145 shares of company stock worth $929,885. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HBAN. National Bank Financial set a $21.00 price objective on Huntington Bancshares in a report on Wednesday, February 4th. Jefferies Financial Group upped their target price on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Stephens raised 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 Thursday, December 18th. Truist Financial lifted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Barclays upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.60.

Huntington Bancshares Price Performance

HBAN stock opened at $16.80 on Friday. The company’s fifty day moving average price is $17.81 and its 200-day moving average price is $17.08. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $19.45. The company has a market capitalization of $34.10 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the prior year, the business posted $0.34 EPS. On average, equities analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. Huntington Bancshares’s payout ratio is currently 44.60%.

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.