Geode Capital Management LLC raised its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,108,854 shares of the bank’s stock after purchasing an additional 251,349 shares during the period. Geode Capital Management LLC owned about 1.13% of Huntington Bancshares worth $175,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of HBAN. APG Asset Management N.V. raised its position in Huntington Bancshares by 39.4% in the 3rd quarter. APG Asset Management N.V. now owns 258,500 shares of the bank’s stock valued at $3,609,000 after purchasing an additional 73,000 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Huntington Bancshares in the 3rd quarter valued at about $992,000. Victory Capital Management Inc. raised its position in Huntington Bancshares by 30.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,406,021 shares of the bank’s stock valued at $19,628,000 after purchasing an additional 332,265 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Huntington Bancshares by 36.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 385,483 shares of the bank’s stock valued at $5,381,000 after purchasing an additional 102,100 shares in the last quarter. Finally, Andra AP fonden raised its position in Huntington Bancshares by 10.0% in the 3rd quarter. Andra AP fonden now owns 243,900 shares of the bank’s stock valued at $3,405,000 after purchasing an additional 22,100 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $17.00 target price on shares of Huntington Bancshares in a research report on Tuesday, February 27th. Zacks Investment Research lowered Huntington Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. BidaskClub raised Huntington Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $17.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Huntington Bancshares presently has an average rating of “Buy” and a consensus target price of $16.76.
Huntington Bancshares Incorporated (NASDAQ:HBAN) traded down $0.24 during trading hours on Wednesday, reaching $16.05. The company had a trading volume of 6,970,394 shares, compared to its average volume of 10,720,000. The stock has a market cap of $17,210.00, a P/E ratio of 18.45, a PEG ratio of 1.25 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.94. Huntington Bancshares Incorporated has a 12-month low of $12.14 and a 12-month high of $16.60.
Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. During the same quarter last year, the business posted $0.18 EPS. equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 19th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, March 16th. This represents a $0.44 dividend on an annualized basis and a yield of 2.74%. Huntington Bancshares’s dividend payout ratio is presently 50.57%.
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Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.
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