Fmr LLC Has $348.67 Million Stake in Huntington Bancshares Incorporated (NASDAQ:HBAN)

FMR LLC boosted its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 16.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,719,168 shares of the bank's stock after buying an additional 3,410,597 shares during the quarter. FMR LLC owned approximately 1.63% of Huntington Bancshares worth $348,672,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. WealthShield Partners LLC increased its stake in shares of Huntington Bancshares by 5.9% in the second quarter. WealthShield Partners LLC now owns 12,237 shares of the bank's stock worth $163,000 after purchasing an additional 683 shares during the period. UMB Bank n.a. lifted its holdings in shares of Huntington Bancshares by 19.1% during the third quarter. UMB Bank n.a. now owns 4,545 shares of the bank's stock worth $67,000 after buying an additional 728 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Huntington Bancshares by 3.2% in the second quarter. Foundations Investment Advisors LLC now owns 23,647 shares of the bank's stock valued at $312,000 after acquiring an additional 744 shares during the period. Summit Financial Strategies Inc. grew its stake in shares of Huntington Bancshares by 2.5% in the second quarter. Summit Financial Strategies Inc. now owns 30,955 shares of the bank's stock worth $408,000 after acquiring an additional 762 shares during the last quarter. Finally, TCW Group Inc. increased its position in Huntington Bancshares by 4.1% during the second quarter. TCW Group Inc. now owns 20,235 shares of the bank's stock worth $267,000 after acquiring an additional 794 shares during the period. Institutional investors own 80.72% of the company's stock.

Analysts Set New Price Targets

HBAN has been the topic of several research analyst reports. DA Davidson raised their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research report on Monday, October 21st. Piper Sandler lifted their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, October 18th. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Friday, October 18th. Royal Bank of Canada reiterated an "outperform" rating and issued a $17.00 price objective on shares of Huntington Bancshares in a research report on Friday, October 18th. Finally, Citigroup boosted their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.62.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,699 shares of company stock worth $757,356 in the last 90 days. Corporate insiders own 0.89% of the company's stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock traded up $0.01 during trading hours on Friday, hitting $18.01. 6,349,220 shares of the stock were exchanged, compared to its average volume of 14,999,810. The stock has a market capitalization of $26.17 billion, a P/E ratio of 17.32, a P/E/G ratio of 3.59 and a beta of 1.03. The business's 50-day moving average is $16.05 and its two-hundred day moving average is $14.61. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares Incorporated has a 12 month low of $11.10 and a 12 month high of $18.44.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $0.36 EPS. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors 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 dividend on an annualized basis and a dividend yield of 3.44%. Huntington Bancshares's dividend payout ratio is 59.62%.

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.