Huntington Bancshares Incorporated $HBAN Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 422,108 shares of the bank’s stock after acquiring an additional 1,566 shares during the period. Voya Investment Management LLC’s holdings in Huntington Bancshares were worth $6,336,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Gotham Asset Management LLC increased its stake in shares of Huntington Bancshares by 28.9% in the fourth quarter. Gotham Asset Management LLC now owns 22,263 shares of the bank’s stock valued at $362,000 after purchasing an additional 4,997 shares during the period. Quantinno Capital Management LP increased its position in Huntington Bancshares by 6.8% in the 4th quarter. Quantinno Capital Management LP now owns 125,000 shares of the bank’s stock valued at $2,034,000 after acquiring an additional 7,964 shares during the period. Woodline Partners LP bought a new stake in Huntington Bancshares during the 4th quarter valued at $1,420,000. Waverly Advisors LLC raised its stake in Huntington Bancshares by 13.9% during the 4th quarter. Waverly Advisors LLC now owns 26,286 shares of the bank’s stock valued at $428,000 after acquiring an additional 3,204 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Huntington Bancshares by 9.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,679,600 shares of the bank’s stock worth $222,567,000 after acquiring an additional 1,188,542 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the business’s stock in a transaction dated 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 owned 299,361 shares in the company, valued at approximately $5,388,498. The trade was a 12.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $17.54 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm has a market cap of $25.59 billion, a PE ratio of 12.99, a P/E/G ratio of 0.84 and a beta of 0.97. The business has a fifty day simple moving average of $17.00 and a 200-day simple moving average of $15.82. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44.

Huntington Bancshares Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HBAN shares. Raymond James Financial restated a “strong-buy” rating and set a $21.00 price objective (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th. Truist Financial upped their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Jefferies Financial Group increased their price objective on shares of Huntington Bancshares from $19.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Finally, Citigroup boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a 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 given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.79.

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.