Allianz Asset Management GmbH Has $12.39 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Allianz Asset Management GmbH decreased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 4.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 717,302 shares of the bank’s stock after selling 33,673 shares during the quarter. Allianz Asset Management GmbH’s holdings in Huntington Bancshares were worth $12,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Huntington Bancshares by 1.3% during the second quarter. Vanguard Group Inc. now owns 176,300,218 shares of the bank’s stock worth $2,954,792,000 after purchasing an additional 2,343,244 shares during the period. Boston Partners lifted its position in Huntington Bancshares by 4.8% in the 2nd quarter. Boston Partners now owns 60,939,048 shares of the bank’s stock worth $1,020,382,000 after buying an additional 2,776,429 shares in the last quarter. Invesco Ltd. lifted its position in Huntington Bancshares by 1.8% in the 2nd quarter. Invesco Ltd. now owns 58,201,659 shares of the bank’s stock worth $975,460,000 after buying an additional 1,015,066 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntington Bancshares by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock valued at $658,541,000 after buying an additional 640,852 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Huntington Bancshares by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 28,384,949 shares of the bank’s stock valued at $475,558,000 after acquiring an additional 397,141 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Trading Up 1.3%

Huntington Bancshares stock opened at $19.27 on Monday. Huntington Bancshares Incorporated has a 52 week low of $11.91 and a 52 week high of $19.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $30.35 billion, a PE ratio of 13.86, a PEG ratio of 0.78 and a beta of 0.96. The business’s 50-day simple moving average is $17.72 and its 200-day simple moving average is $16.95.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $0.34 earnings per share. Equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a $0.155 dividend. 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 3.2%. Huntington Bancshares’s payout ratio is currently 44.60%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HBAN shares. Wolfe Research reiterated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Wednesday, January 7th. National Bankshares set a $21.00 price target on Huntington Bancshares in a research note on Wednesday. TD Cowen boosted their price target on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Piper Sandler increased their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, January 22nd. Finally, Barclays lifted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Two equities 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 stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $20.48.

Insider Buying and Selling

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 12,832 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $18.00, for a total transaction of $230,976.00. Following the sale, the executive vice president owned 239,473 shares of the company’s stock, valued at $4,310,514. This represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kendall A. Kowalski sold 2,481 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the completion of the transaction, the insider owned 71,566 shares of the company’s stock, valued at $1,273,874.80. This trade represents a 3.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 103,693 shares of company stock valued at $1,693,220. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Company 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.