Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,848,079 shares of the bank’s stock after acquiring an additional 103,798 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.17% of Huntington Bancshares worth $573,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Huntington Bancshares by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after buying an additional 1,209,264 shares in the last quarter. Boston Partners lifted its position in Huntington Bancshares by 33.0% in the third quarter. Boston Partners now owns 29,277,030 shares of the bank’s stock worth $304,439,000 after purchasing an additional 7,271,405 shares during the period. Victory Capital Management Inc. boosted its stake in Huntington Bancshares by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 17,925,067 shares of the bank’s stock valued at $186,421,000 after purchasing an additional 3,438,552 shares in the last quarter. Northern Trust Corp boosted its stake in Huntington Bancshares by 5.5% during the 3rd quarter. Northern Trust Corp now owns 14,273,987 shares of the bank’s stock valued at $148,449,000 after purchasing an additional 744,443 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Huntington Bancshares by 13.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 6,205,776 shares of the bank’s stock valued at $64,540,000 after purchasing an additional 721,655 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 0.5 %

NASDAQ HBAN traded down $0.07 during trading on Tuesday, hitting $13.85. 10,017,881 shares of the company traded hands, compared to its average volume of 17,256,449. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $20.07 billion, a P/E ratio of 12.54, a PEG ratio of 2.55 and a beta of 1.09. The business has a fifty day simple moving average of $13.46 and a 200 day simple moving average of $12.44. Huntington Bancshares Incorporated has a 12 month low of $9.13 and a 12 month high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $1.74 billion. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. During the same quarter last year, the firm posted $0.38 earnings per share. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, June 14th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Citigroup raised their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $15.50 in a report on Tuesday, February 27th. Bank of America raised Huntington Bancshares from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $15.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.17.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the sale, the vice president now directly owns 303,455 shares of the company’s stock, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Huntington Bancshares news, insider Kendall A. Kowalski sold 15,711 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $13.84, for a total value of $217,440.24. Following the sale, the insider now owns 65,195 shares of the company’s stock, valued at approximately $902,298.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Julie C. Tutkovics sold 15,541 shares of Huntington Bancshares stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total transaction of $197,059.88. Following the sale, the vice president now owns 303,455 shares in the company, valued at $3,847,809.40. The disclosure for this sale can be found here. Insiders sold a total of 224,092 shares of company stock worth $3,031,731 over the last three months. 0.92% of the stock is currently owned by insiders.

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.