Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,460 shares of the bank’s stock after acquiring an additional 904 shares during the quarter. Blue Trust Inc.’s holdings in Huntington Bancshares were worth $108,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HBAN. Vanguard Group Inc. raised its stake in Huntington Bancshares by 0.7% during the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock worth $1,789,520,000 after purchasing an additional 1,209,264 shares during the period. BlackRock Inc. raised its stake in Huntington Bancshares by 0.5% during the first quarter. BlackRock Inc. now owns 137,586,195 shares of the bank’s stock worth $1,540,965,000 after purchasing an additional 652,310 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Huntington Bancshares by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock worth $468,725,000 after purchasing an additional 245,025 shares during the period. Geode Capital Management LLC raised its stake in Huntington Bancshares by 5.0% during the first quarter. Geode Capital Management LLC now owns 31,820,975 shares of the bank’s stock worth $355,630,000 after purchasing an additional 1,516,892 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Huntington Bancshares by 0.7% during the first quarter. JPMorgan Chase & Co. now owns 31,327,949 shares of the bank’s stock worth $350,873,000 after purchasing an additional 232,098 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insiders Place Their Bets

In other Huntington Bancshares news, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Helga Houston sold 28,700 shares of Huntington Bancshares stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann B. Crane sold 58,000 shares of Huntington Bancshares stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares of the company’s stock, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders sold a total of 102,241 shares of company stock valued at $1,360,359 in the last ninety days. Corporate insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

Huntington Bancshares stock opened at $13.61 on Thursday. Huntington Bancshares Incorporated has a 12-month low of $9.13 and a 12-month high of $13.97. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 10.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The firm’s fifty day moving average price is $13.08 and its 200 day moving average price is $11.88.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.15. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a net margin of 18.00% and a return on equity of 12.96%. During the same period last year, the business earned $0.43 EPS. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, March 15th. Huntington Bancshares’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

HBAN has been the topic of a number of recent analyst reports. DA Davidson raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.50 in a research note on Tuesday, February 27th. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. Evercore ISI raised their target price on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Morgan Stanley raised their target price on shares of Huntington Bancshares from $13.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Finally, Citigroup raised their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.84.

View Our Latest Research Report on Huntington Bancshares

Huntington Bancshares Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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