Geode Capital Management LLC Grows Stock Holdings in Huntington Bancshares Incorporated $HBAN

Geode Capital Management LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 1.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 39,450,879 shares of the bank’s stock after purchasing an additional 640,852 shares during the quarter. Geode Capital Management LLC’s holdings in Huntington Bancshares were worth $658,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund grew its holdings in Huntington Bancshares by 0.6% in the 1st quarter. New York State Common Retirement Fund now owns 802,022 shares of the bank’s stock valued at $12,038,000 after buying an additional 5,000 shares in the last quarter. CWM LLC grew its holdings in shares of Huntington Bancshares by 65.7% in the first quarter. CWM LLC now owns 225,078 shares of the bank’s stock valued at $3,378,000 after purchasing an additional 89,237 shares during the period. Apollon Wealth Management LLC increased its position in Huntington Bancshares by 9.0% during the first quarter. Apollon Wealth Management LLC now owns 11,454 shares of the bank’s stock worth $172,000 after purchasing an additional 946 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Huntington Bancshares during the first quarter worth about $995,000. Finally, Creekmur Asset Management LLC boosted its holdings in Huntington Bancshares by 22,533.3% in the 1st quarter. Creekmur Asset Management LLC now owns 4,074 shares of the bank’s stock valued at $61,000 after purchasing an additional 4,056 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Trading Up 0.1%

NASDAQ HBAN opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.66 and a beta of 1.01. The firm has a 50 day simple moving average of $16.46 and a 200-day simple moving average of $16.40. Huntington Bancshares Incorporated has a one year low of $11.91 and a one year high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The firm had revenue of $469.00 million for the quarter. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, December 18th. Huntington Bancshares’s payout ratio is presently 43.36%.

Analyst Ratings Changes

A number of research firms recently commented on HBAN. Citigroup upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. Deutsche Bank Aktiengesellschaft increased their price target on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Wednesday, October 8th. Finally, Stephens lifted their price target on shares of Huntington Bancshares from $18.00 to $19.00 in a research report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.66.

Insider Transactions at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of Huntington Bancshares stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Inglis purchased 6,506 shares of the stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director directly owned 89,831 shares in the company, valued at $1,374,414.30. This represents a 7.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.89% of the stock is owned by company insiders.

About Huntington Bancshares

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.