B. Metzler seel. Sohn & Co. Holding AG Makes New $5.87 Million Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 399,464 shares of the bank's stock, valued at approximately $5,872,000.

A number of other institutional investors also recently modified their holdings of HBAN. Lazard Asset Management LLC boosted its position in shares of Huntington Bancshares by 251,152.2% during the 1st quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank's stock valued at $2,417,000 after purchasing an additional 173,295 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Huntington Bancshares by 53.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank's stock valued at $22,577,000 after purchasing an additional 564,729 shares during the period. Heritage Wealth Management Inc. bought a new position in Huntington Bancshares during the second quarter valued at $744,000. Robeco Institutional Asset Management B.V. grew its holdings in Huntington Bancshares by 40.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank's stock valued at $2,837,000 after purchasing an additional 55,865 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Huntington Bancshares by 531.0% in the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank's stock worth $15,166,000 after acquiring an additional 968,331 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Trading Down 0.4 %

HBAN traded down $0.07 on Wednesday, hitting $17.47. The company had a trading volume of 10,412,622 shares, compared to its average volume of 16,048,186. The company has a market cap of $25.38 billion, a PE ratio of 16.80, a PEG ratio of 3.53 and a beta of 1.03. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $17.97. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The business's fifty day simple moving average is $15.58 and its 200 day simple moving average is $14.41.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter last year, the business posted $0.36 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.55%. Huntington Bancshares's dividend payout ratio is currently 59.62%.

Insiders Place Their Bets

In other news, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the sale, the vice president now directly owns 496,076 shares of the company's stock, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock valued at $757,356 over the last 90 days. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HBAN shares. DA Davidson lifted their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a research note on Monday, October 21st. Sandler O'Neill restated a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Piper Sandler boosted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the company an "underweight" rating in a research note on Friday, October 18th. Baird R W lowered Huntington Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 26th. Finally, Barclays boosted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.26.

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.