Universal Beteiligungs und Servicegesellschaft mbH Has $20 Million Stock Position in Huntington Bancshares Incorporated $HBAN

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 5.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,158,161 shares of the bank’s stock after selling 68,817 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Huntington Bancshares were worth $20,001,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MTM Investment Management LLC acquired a new stake in shares of Huntington Bancshares during the second quarter worth $25,000. Catalyst Capital Advisors LLC bought a new stake in Huntington Bancshares during the second quarter valued at $30,000. Grey Fox Wealth Advisors LLC bought a new stake in Huntington Bancshares during the third quarter valued at $31,000. First Horizon Corp acquired a new stake in Huntington Bancshares during the 3rd quarter worth about $36,000. Finally, Root Financial Partners LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 6.0%

Shares of NASDAQ HBAN opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The company has a 50-day moving average price of $17.24 and a 200-day moving average price of $16.88. The stock has a market capitalization of $27.78 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.70 and a beta of 0.95. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.91.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last posted its 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 return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the company earned $0.34 EPS. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 43.36%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HBAN shares. Wolfe Research restated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Stephens lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, December 18th. Barclays boosted 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 report on Monday, January 5th. Finally, Morgan Stanley raised their price target on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.08.

Get Our Latest Stock Analysis on HBAN

Insider Buying and Selling

In related news, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following the transaction, the insider owned 534,640 shares of the company’s stock, valued at $8,222,763.20. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marcy C. Hingst sold 12,832 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the sale, the executive vice president directly owned 239,473 shares of the company’s stock, valued at $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 97,863 shares of company stock valued at $1,581,634. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares News Roundup

Here are the key news stories impacting Huntington Bancshares this week:

Huntington Bancshares Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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