Top 5 1st Quarter Trades of HUNTINGTON NATIONAL BANK

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May 11, 2022
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HUNTINGTON NATIONAL BANK recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Huntington National Bank is an American banking corporation that is based out of Columbus, Ohio. The Huntington National Bank was previously known as the Huntington National Bank of Columbus before deciding to shorten its name to the current Huntington National Bank in 1979. The bank was incorporated in 1866 and has grown significantly to become one of the major banking institutions in the U.S. The company operates as the banking affiliate of Huntington Bancshares Inc., which holds over $69 billion in total assets and is ranked within the Fortune 1000. Huntington National Bank provides a variety of banking services to its clients through the company itself and through related affiliates. The bank caters to a variety of clients, providing services such as checking accounts, money market accounts, health saving accounts, credit cards, auto loans, personal loans, retirement plans, treasury management, risk management, employee compensation, government lending and capital solutions, trust services, specialty banking, commercial real estate, mortgage banking, online services, payment collection, HARP refinance, and many others. The Huntington National Bank and its parent company Huntington Bancshares facilitates its growth through acquisitions, most recently merging with Sky Financial Group Inc. in 2007 and acquiring 11 offices of the Bank of America in 2014. The bank currently has over 700 branches with the most number of banking offices in the state of Ohio, which alone has over 400 Huntington National Bank branches, and also has offices located in Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, and Florida, in order of decreasing office locations. Huntington National Bank invests most heavily in the finance sector, which alone makes up over a quarter of its total asset allocations, and also invests in the information technology, health care, energy, consumer staples, industrials, and utilities and telecommunications sectors, among others to a lesser degree, in order of decreasing allocation.

As of the latest 13F report, the guru’s equity portfolio contained 3337 stocks valued at a total of $10,802,000,000. The top holdings were AAPL(4.44%), MSFT(3.65%), and IJR(2.63%).

According to GuruFocus data, these were HUNTINGTON NATIONAL BANK’s top five trades of the quarter.

Vanguard S&P 500 ETF


During the quarter, HUNTINGTON NATIONAL BANK bought 395,620 shares of ARCA:VOO for a total holding of 454,847. The trade had a 1.52% impact on the equity portfolio. During the quarter, the stock traded for an average price of $408.14.

On 05/11/2022, Vanguard S&P 500 ETF traded for a price of $366.84 per share and a market cap of $248,439,392,000. The stock has returned -4.40% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Vanguard S&P 500 ETF has a price-earnings ratio of 21.95 and a price-book ratio of 4.24.

Invesco Preferred ETF


HUNTINGTON NATIONAL BANK reduced their investment in ARCA:PGX by 2,854,863 shares. The trade had a 0.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $13.77.

On 05/11/2022, Invesco Preferred ETF traded for a price of $12.14 per share and a market cap of $5,537,662,000. The stock has returned -16.94% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Invesco Preferred ETF has a price-earnings ratio of 4.54 and a price-book ratio of 0.66.

McCormick & Co Inc


During the quarter, HUNTINGTON NATIONAL BANK bought 224,087 shares of NYSE:MKC for a total holding of 509,277. The trade had a 0.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $97.74.

On 05/11/2022, McCormick & Co Inc traded for a price of $97.97 per share and a market cap of $26,255,033,000. The stock has returned 11.88% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, McCormick & Co Inc has a price-earnings ratio of 35.37, a price-book ratio of 5.70, a price-earnings-to-growth (PEG) ratio of 3.72, a EV-to-Ebitda ratio of 26.24 and a price-sales ratio of 4.16.

The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.

iShares Core S&P Small-Cap ETF


During the quarter, HUNTINGTON NATIONAL BANK bought 202,038 shares of ARCA:IJR for a total holding of 2,633,527. The trade had a 0.2% impact on the equity portfolio. During the quarter, the stock traded for an average price of $107.76.

On 05/11/2022, iShares Core S&P Small-Cap ETF traded for a price of $95.63 per share and a market cap of $63,440,942,000. The stock has returned -13.43% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Core S&P Small-Cap ETF has a price-earnings ratio of 13.91 and a price-book ratio of 1.90.

iShares S&P 500 Growth ETF


During the quarter, HUNTINGTON NATIONAL BANK bought 267,526 shares of ARCA:IVW for a total holding of 2,120,599. The trade had a 0.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $75.01.

On 05/11/2022, iShares S&P 500 Growth ETF traded for a price of $64.17 per share and a market cap of $29,861,510,000. The stock has returned -7.73% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares S&P 500 Growth ETF has a price-earnings ratio of 26.73 and a price-book ratio of 8.24.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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