Jump Financial LLC Raises Stock Holdings in Huntington Bancshares Incorporated $HBAN

Jump Financial LLC grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 664.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,051 shares of the bank's stock after purchasing an additional 459,829 shares during the period. Jump Financial LLC's holdings in Huntington Bancshares were worth $7,941,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds also recently bought and sold shares of HBAN. Northwestern Mutual Wealth Management Co. grew its position in shares of Huntington Bancshares by 25.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 89,929 shares of the bank's stock worth $1,350,000 after buying an additional 18,148 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Huntington Bancshares during the first quarter worth about $165,000. Allstate Corp increased its stake in Huntington Bancshares by 163.5% in the first quarter. Allstate Corp now owns 113,220 shares of the bank's stock valued at $1,699,000 after purchasing an additional 70,246 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Huntington Bancshares by 2.9% in the first quarter. Kestra Advisory Services LLC now owns 629,161 shares of the bank's stock valued at $9,444,000 after purchasing an additional 17,480 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in Huntington Bancshares by 14.8% in the first quarter. Norinchukin Bank The now owns 73,014 shares of the bank's stock valued at $1,096,000 after purchasing an additional 9,401 shares during the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on HBAN. Citigroup increased their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. DA Davidson increased their price objective on Huntington Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, July 21st. Cowen initiated coverage on Huntington Bancshares in a report on Wednesday, May 14th. They issued a "buy" rating for the company. Truist Financial increased their price objective on Huntington Bancshares from $18.00 to $19.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Jefferies Financial Group began coverage on Huntington Bancshares in a report on Wednesday, May 21st. They issued a "buy" rating and a $20.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.68.

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Get Our Latest Stock Report on Huntington Bancshares

Insider Activity at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 13,700 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $15.79, for a total transaction of $216,323.00. Following the transaction, the executive vice president directly owned 337,879 shares in the company, valued at $5,335,109.41. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.89% of the stock is currently owned by corporate insiders.

Huntington Bancshares Trading Up 4.2%

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Shares of HBAN stock opened at $17.36 on Monday. The firm has a 50-day moving average price of $16.63 and a 200 day moving average price of $15.67. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.89 and a beta of 0.93. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.92.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares's payout ratio is 45.93%.

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.

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