Squarepoint Ops LLC Has $78.86 Million Stake in Huntington Bancshares Incorporated $HBAN

Squarepoint Ops LLC trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 53.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,545,500 shares of the bank’s stock after selling 5,131,329 shares during the period. Squarepoint Ops LLC’s holdings in Huntington Bancshares were worth $78,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after acquiring an additional 14,338,222 shares during the period. State Street Corp grew its position in Huntington Bancshares by 4.7% in the fourth quarter. State Street Corp now owns 77,228,656 shares of the bank’s stock valued at $1,351,806,000 after acquiring an additional 3,438,501 shares during the period. Boston Partners grew its position in Huntington Bancshares by 3.9% in the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock valued at $1,091,615,000 after acquiring an additional 2,363,905 shares during the period. Invesco Ltd. grew its position in Huntington Bancshares by 1.5% in the third quarter. Invesco Ltd. now owns 59,062,922 shares of the bank’s stock valued at $1,020,017,000 after acquiring an additional 861,263 shares during the period. Finally, Geode Capital Management LLC grew its position in Huntington Bancshares by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 43,171,993 shares of the bank’s stock valued at $746,257,000 after acquiring an additional 3,074,673 shares during the period. 80.72% of the stock is currently owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other news, Director James D. Rollins III purchased 11,127 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $16.50 per share, for a total transaction of $183,595.50. Following the completion of the acquisition, the director directly owned 11,127 shares in the company, valued at approximately $183,595.50. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 33,500 shares of company stock valued at $617,542 in the last quarter. 0.67% of the stock is owned by company insiders.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $17.21 on Tuesday. The business’s 50-day simple moving average is $16.32 and its 200 day simple moving average is $16.85. The stock has a market cap of $34.89 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 0.80 and a beta of 0.94. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.21. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Huntington Bancshares had a return on equity of 11.42% and a net margin of 16.63%.During the same quarter last year, the business earned $0.34 earnings per share. As a group, research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be issued a $0.155 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

Analysts Set New Price Targets

A number of analysts have weighed in on HBAN shares. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered their price target on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price target on Huntington Bancshares from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Truist Financial lowered their price target on Huntington Bancshares from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Stephens began coverage on Huntington Bancshares in a report on Monday. They set an “equal weight” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.05.

Huntington Bancshares Company Profile

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.