Geode Capital Management LLC Has $540.42 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Geode Capital Management LLC increased its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,880,662 shares of the bank's stock after buying an additional 473,893 shares during the quarter. Geode Capital Management LLC owned about 2.54% of Huntington Bancshares worth $540,422,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of HBAN. Asset Dedication LLC lifted its position in shares of Huntington Bancshares by 200.7% during 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 in the last quarter. Peoples Bank KS acquired a new position in Huntington Bancshares in the 3rd quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new position in Huntington Bancshares in the 3rd quarter valued at about $31,000. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Huntington Bancshares by 695.5% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock worth $30,000 after buying an additional 2,003 shares in the last quarter. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HBAN shares. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a report on Friday, October 18th. Piper Sandler increased their target price on Huntington Bancshares from $15.00 to $17.50 and gave the stock an "underweight" rating in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays raised their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Finally, StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.41.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 6,455 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the transaction, the insider now owns 558,342 shares of the company's stock, 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. Insiders have sold 43,699 shares of company stock valued at $757,356 in the last quarter. Insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Performance

HBAN remained flat at $17.17 on Friday. 12,838,127 shares of the company were exchanged, compared to its average volume of 15,809,455. The stock has a market cap of $24.94 billion, a P/E ratio of 16.51, a P/E/G ratio of 3.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a 50 day moving average of $16.65 and a two-hundred day moving average of $14.85. Huntington Bancshares Incorporated has a 12-month low of $12.02 and a 12-month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the previous year, the company earned $0.36 earnings per share. Research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.61%. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

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.