Huntington Bancshares Incorporated $HBAN Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 13.0% during the first quarter, Holdings Channel reports. The fund owned 287,937 shares of the bank’s stock after purchasing an additional 33,150 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Huntington Bancshares were worth $4,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HBAN. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Huntington Bancshares in the 1st quarter worth about $29,000. Quarry LP increased its holdings in shares of Huntington Bancshares by 73.0% in the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after acquiring an additional 814 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of Huntington Bancshares in the 1st quarter worth about $31,000. Golden State Wealth Management LLC grew its position in Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after buying an additional 1,869 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Huntington Bancshares in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Truist Financial increased their target price on shares of Huntington Bancshares from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Thursday, July 3rd. Wall Street Zen lowered shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Finally, Citigroup increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.74.

Huntington Bancshares Stock Performance

Shares of HBAN opened at $17.74 on Friday. The firm’s 50 day moving average is $17.00 and its 200-day moving average is $15.78. The stock has a market capitalization of $25.88 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. Huntington Bancshares Incorporated has a 12-month low of $11.91 and a 12-month high of $18.44.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is 45.93%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by company 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.