Fmr LLC Purchases 8,759,871 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

FMR LLC increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,479,039 shares of the bank's stock after acquiring an additional 8,759,871 shares during the quarter. FMR LLC owned about 2.24% of Huntington Bancshares worth $528,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Carlson Capital Management increased its position in shares of Huntington Bancshares by 0.4% during the fourth quarter. Carlson Capital Management now owns 163,575 shares of the bank's stock valued at $2,661,000 after buying an additional 692 shares during the period. Farther Finance Advisors LLC raised its position in shares of Huntington Bancshares by 6.0% in the 4th quarter. Farther Finance Advisors LLC now owns 12,317 shares of the bank's stock worth $200,000 after acquiring an additional 699 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Huntington Bancshares by 27.2% during the fourth quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock valued at $53,000 after purchasing an additional 702 shares in the last quarter. Lantz Financial LLC grew its stake in Huntington Bancshares by 6.1% in the fourth quarter. Lantz Financial LLC now owns 13,766 shares of the bank's stock worth $224,000 after purchasing an additional 790 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in Huntington Bancshares by 7.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 11,765 shares of the bank's stock worth $191,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 80.72% of the company's stock.

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Insider Transactions at Huntington Bancshares

In other news, CFO Zachary Jacob Wasserman sold 38,451 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the sale, the chief financial officer now owns 335,538 shares in the company, valued at approximately $4,825,036.44. The trade was a 10.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Brendan A. Lawlor sold 3,521 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.25, for a total transaction of $53,695.25. Following the completion of the transaction, the vice president now directly owns 47,950 shares of the company's stock, valued at $731,237.50. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,781 shares of company stock worth $1,631,151. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HBAN shares. JPMorgan Chase & Co. cut their price objective on shares of Huntington Bancshares from $18.50 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Baird R W upgraded Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Morgan Stanley decreased their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Barclays increased their price objective on shares of Huntington Bancshares from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Truist Financial raised their target price on Huntington Bancshares from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.94.

Huntington Bancshares Trading Up 2.4 %

Shares of HBAN traded up $0.31 during midday trading on Monday, hitting $13.20. The stock had a trading volume of 3,342,076 shares, compared to its average volume of 17,253,267. Huntington Bancshares Incorporated has a 1 year low of $11.92 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The stock's 50 day moving average is $15.21 and its 200 day moving average is $16.06. The firm has a market cap of $19.28 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.70%. Huntington Bancshares's dividend payout ratio (DPR) is 50.41%.

Huntington Bancshares 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.