Berkeley Capital Partners LLC bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,378 shares of the bank's stock, valued at approximately $462,000.
Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its position in shares of Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after purchasing an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Huntington Bancshares by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 64,926,419 shares of the bank's stock valued at $1,056,353,000 after acquiring an additional 2,218,020 shares during the period. Geode Capital Management LLC raised its holdings in Huntington Bancshares by 1.3% during the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock valued at $540,422,000 after acquiring an additional 473,893 shares during the period. FMR LLC lifted its position in shares of Huntington Bancshares by 16.8% in the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock valued at $348,672,000 after acquiring an additional 3,410,597 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Huntington Bancshares by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 21,825,092 shares of the bank's stock worth $355,094,000 after acquiring an additional 1,506,606 shares during the period. Hedge funds and other institutional investors own 80.72% of the company's stock.
Huntington Bancshares Trading Up 2.2 %
Shares of NASDAQ HBAN traded up $0.33 during mid-day trading on Monday, reaching $15.35. The company had a trading volume of 15,981,738 shares, compared to its average volume of 16,337,625. Huntington Bancshares Incorporated has a 52 week low of $12.05 and a 52 week high of $18.45. The business's 50-day moving average is $16.21 and its 200-day moving average is $16.14. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92.
Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter last year, the firm earned $0.27 EPS. Equities analysts expect that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.
Insider Buying and Selling
In other news, VP Scott D. Kleinman sold 69,088 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.67, for a total value of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares in the company, valued at approximately $6,647,402.43. This trade represents a 13.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total transaction of $552,925.38. Following the transaction, the chief financial officer now owns 335,538 shares of the company's stock, valued at approximately $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms recently commented on HBAN. Morgan Stanley lowered their price target on Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Robert W. Baird raised shares of Huntington Bancshares from a "neutral" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Friday, March 7th. Stephens reaffirmed an "equal weight" rating and set a $18.50 target price on shares of Huntington Bancshares in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays raised their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares has a consensus rating of "Moderate Buy" and an average price target of $18.18.
Get Our Latest Stock Analysis on HBAN
About Huntington Bancshares
(
Free Report)
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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