Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by abrdn plc

abrdn plc boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,660,616 shares of the bank's stock after purchasing an additional 137,032 shares during the quarter. abrdn plc owned about 0.25% of Huntington Bancshares worth $53,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners lifted its holdings in shares of Huntington Bancshares by 20.4% during the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank's stock valued at $783,215,000 after purchasing an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Huntington Bancshares by 0.4% during the second quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank's stock valued at $236,640,000 after acquiring an additional 65,355 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank's stock valued at $208,346,000 after purchasing an additional 561,565 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Huntington Bancshares by 9.5% in the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank's stock worth $85,940,000 after purchasing an additional 566,015 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Huntington Bancshares by 832.7% during the 1st quarter. National Bank of Canada FI now owns 3,337,625 shares of the bank's stock worth $46,927,000 after purchasing an additional 2,979,768 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the stock in a transaction dated 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 transaction, the insider now owns 558,342 shares of the company's stock, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.92% of the company's stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN traded up $0.12 during midday trading on Wednesday, hitting $15.74. The company had a trading volume of 8,539,099 shares, compared to its average volume of 16,051,477. Huntington Bancshares Incorporated has a twelve month low of $9.49 and a twelve month high of $16.03. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 3.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The business's 50-day simple moving average is $14.85 and its 200-day simple moving average is $14.04.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company earned $0.36 EPS. On average, research analysts predict that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.94%. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

Analysts Set New Price Targets

HBAN has been the subject of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, July 9th. Sandler O'Neill reiterated a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Piper Sandler raised their price objective on Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, October 18th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price target on shares of Huntington Bancshares in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.09.

About Huntington Bancshares

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.