Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Fmr LLC

Fmr LLC lifted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 16.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 23,719,168 shares of the bank’s stock after acquiring an additional 3,410,597 shares during the period. Fmr LLC’s holdings in Huntington Bancshares were worth $348,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Asset Dedication LLC boosted its holdings in Huntington Bancshares by 200.7% in the third quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS bought a new position in shares of Huntington Bancshares in the 3rd quarter worth about $29,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after buying an additional 2,003 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the third quarter worth about $32,000. 80.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares in the company, valued at approximately $8,765,662.92. This represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares 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 transaction, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,699 shares of company stock worth $757,356. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Trading Up 0.1 %

Shares of Huntington Bancshares stock opened at $18.01 on Friday. The business has a fifty day simple moving average of $16.05 and a 200-day simple moving average of $14.60. The firm has a market cap of $26.17 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 3.59 and a beta of 1.03. Huntington Bancshares Incorporated has a fifty-two week low of $11.10 and a fifty-two week high of $18.44. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $0.36 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be issued 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 3.44%. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. The Goldman Sachs Group increased their target price on Huntington Bancshares from $16.25 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Citigroup boosted their price target on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Piper Sandler increased their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, October 18th. Finally, Morgan Stanley boosted their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.62.

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.