FCG Investment Co increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 96,746 shares of the bank’s stock after buying an additional 6,729 shares during the quarter. Huntington Bancshares comprises about 1.0% of FCG Investment Co’s portfolio, making the stock its 29th largest holding. FCG Investment Co’s holdings in Huntington Bancshares were worth $1,574,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Huntington Bancshares by 10.3% in the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock valued at $1,179,319,000 after acquiring an additional 7,439,909 shares during the last quarter. FMR LLC boosted its holdings in Huntington Bancshares by 16.8% in the third quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock valued at $348,672,000 after purchasing an additional 3,410,597 shares in the last quarter. Victory Capital Management Inc. increased its stake in Huntington Bancshares by 13.2% in the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock valued at $298,682,000 after purchasing an additional 2,363,988 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Huntington Bancshares by 194.8% during the second quarter. Point72 Asset Management L.P. now owns 3,203,789 shares of the bank’s stock worth $42,226,000 after purchasing an additional 2,116,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Huntington Bancshares by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock worth $921,778,000 after buying an additional 1,522,767 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Analysts Set New Price Targets
HBAN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 target price (up from $18.50) on shares of Huntington Bancshares in a research report on Wednesday, December 4th. DA Davidson raised their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a report on Monday, October 21st. Sandler O’Neill reissued a “buy” rating on shares of Huntington Bancshares in a report on Friday, October 18th. Evercore ISI raised their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reduced their price objective on Huntington Bancshares from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.
Huntington Bancshares Stock Up 0.2 %
Shares of NASDAQ:HBAN opened at $16.90 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $17.01 and its 200-day simple moving average is $15.56. The company has a market cap of $24.55 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.43 and a beta of 1.07.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.27 EPS. As a group, equities research analysts predict that Huntington Bancshares Incorporated will post 1.37 earnings per share for the current year.
Huntington Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s payout ratio is 50.41%.
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
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.
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