Atria Investments Inc Increases Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Atria Investments Inc boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,687 shares of the bank’s stock after buying an additional 19,484 shares during the period. Atria Investments Inc’s holdings in Huntington Bancshares were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HBAN. Boston Partners boosted its position in shares of Huntington Bancshares by 20.4% in the first quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after acquiring an additional 9,533,511 shares during the period. Victory Capital Management Inc. lifted its stake in Huntington Bancshares by 0.4% in the 2nd quarter. Victory Capital Management Inc. now owns 17,954,498 shares of the bank’s stock worth $236,640,000 after purchasing an additional 65,355 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 period. Hsbc Holdings PLC grew its position in shares of Huntington Bancshares by 9.5% during the 2nd quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank’s stock valued at $85,940,000 after purchasing an additional 566,015 shares in the last quarter. Finally, abrdn plc increased its holdings in shares of Huntington Bancshares by 3.9% in the third quarter. abrdn plc now owns 3,660,616 shares of the bank’s stock worth $53,976,000 after purchasing an additional 137,032 shares during the period. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was 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 in the company, valued at $8,615,217.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.54 on Thursday. The company has a market capitalization of $25.48 billion, a P/E ratio of 16.87, a PEG ratio of 3.58 and a beta of 1.03. Huntington Bancshares Incorporated has a fifty-two week low of $10.55 and a fifty-two week high of $17.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a 50 day moving average price of $15.26 and a two-hundred day moving average price of $14.27.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 14.19% and a return on equity of 10.72%. During the same period in the prior year, the business posted $0.36 EPS. Analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.53%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Analyst Upgrades and Downgrades

HBAN has been the subject of several research analyst reports. Barclays lifted their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Huntington Bancshares in a report on Friday, October 18th. Evercore ISI raised their target price on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup boosted their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Bank of America raised their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.09.

Huntington Bancshares Company 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.