Janney Montgomery Scott LLC Has $9.78 Million Holdings in Huntington Bancshares Incorporated $HBAN

Janney Montgomery Scott LLC lessened its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 583,661 shares of the bank’s stock after selling 4,943 shares during the period. Janney Montgomery Scott LLC’s holdings in Huntington Bancshares were worth $9,782,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC acquired a new stake in Huntington Bancshares in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Huntington Bancshares in the first quarter valued at approximately $29,000. Quarry LP boosted its position in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Huntington Bancshares during the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Huntington Bancshares by 516.3% during the first 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 during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Buying and Selling

In related 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 completion of the transaction, the executive vice president directly owned 299,361 shares in the company, valued at $5,388,498. The trade was a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.21 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. Huntington Bancshares Incorporated has a 52-week low of $11.91 and a 52-week high of $18.44. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.83 and a beta of 0.96. The business’s fifty day moving average is $17.12 and its 200 day moving average is $16.03.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date was Wednesday, September 17th. Huntington Bancshares’s payout ratio is presently 45.93%.

Analyst Ratings Changes

Several research analysts recently issued reports on HBAN shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 target price (up previously from $18.00) on shares of Huntington Bancshares in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Saturday, September 27th. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group lifted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Two research 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.24.

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.