Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,370 shares of the bank's stock after selling 16,362 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Huntington Bancshares worth $12,404,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings 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 last quarter. FMR LLC lifted its holdings in shares of Huntington Bancshares by 16.8% in the 3rd 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 during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Huntington Bancshares by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock valued at $921,778,000 after acquiring an additional 1,522,767 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Huntington Bancshares by 37.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,402,801 shares of the bank's stock valued at $64,721,000 after acquiring an additional 1,199,012 shares during the last quarter. Institutional investors own 80.72% of the company's stock.

Huntington Bancshares Trading Down 2.4 %

Shares of NASDAQ:HBAN traded down $0.41 during trading on Thursday, reaching $16.42. 19,212,529 shares of the company were exchanged, compared to its average volume of 19,184,242. The firm has a market capitalization of $23.87 billion, a PE ratio of 13.35, a P/E/G ratio of 1.37 and a beta of 1.07. The business's fifty day simple moving average is $16.72 and its 200-day simple moving average is $15.92. Huntington Bancshares Incorporated has a 12-month low of $12.05 and a 12-month high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.27 EPS. On average, research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.78%. Huntington Bancshares's dividend payout ratio is presently 50.41%.

Analyst Ratings Changes

HBAN has been the subject of a number of analyst reports. Barclays increased their price target on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Evercore ISI increased their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Piper Sandler reduced their price objective on shares of Huntington Bancshares from $17.50 to $17.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.06.

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.