Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,114,663 shares of the bank’s stock after buying an additional 35,395 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Huntington Bancshares were worth $52,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position 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 acquiring an additional 1,209,264 shares during the last quarter. BlackRock Inc. boosted its holdings in Huntington Bancshares by 0.5% in the 1st quarter. BlackRock Inc. now owns 137,586,195 shares of the bank’s stock valued at $1,540,965,000 after purchasing an additional 652,310 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Huntington Bancshares by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 45,744,281 shares of the bank’s stock valued at $468,725,000 after purchasing an additional 245,025 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Huntington Bancshares by 5.0% in the 1st quarter. Geode Capital Management LLC now owns 31,820,975 shares of the bank’s stock valued at $355,630,000 after purchasing an additional 1,516,892 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Huntington Bancshares by 0.7% in the 1st quarter. JPMorgan Chase & Co. now owns 31,327,949 shares of the bank’s stock valued at $350,873,000 after purchasing an additional 232,098 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred 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 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 at the SEC website. In other Huntington Bancshares news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction that occurred 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 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 at the SEC website. Also, Director Ann B. Crane sold 58,000 shares of the company’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 owns 192,247 shares of the company’s stock, valued at approximately $2,603,024.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,241 shares of company stock valued at $1,360,359. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $13.18 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $9.13 and a fifty-two week high of $14.07. The firm’s 50 day moving average price is $13.25 and its 200 day moving average price is $12.11. The company has a market cap of $19.11 billion, a P/E ratio of 10.63, a PEG ratio of 2.42 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.73.

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

Analyst Upgrades and Downgrades

HBAN has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Bank of America upgraded shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a report on Monday, April 8th. Raymond James boosted their price target on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research note on Tuesday, December 26th. Evercore ISI boosted their price target 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. Finally, StockNews.com downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $14.97.

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.