Chevy Chase Trust Holdings LLC Buys 7,053 Shares of Huntington Bancshares Incorporated $HBAN

Chevy Chase Trust Holdings LLC boosted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 769,481 shares of the bank’s stock after purchasing an additional 7,053 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Huntington Bancshares worth $12,897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HBAN. GAMMA Investing LLC increased its holdings in Huntington Bancshares by 6.4% in the first quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock valued at $633,000 after purchasing an additional 2,540 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Huntington Bancshares by 11.9% during the first quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock worth $388,000 after purchasing an additional 2,751 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of Huntington Bancshares by 14.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 20,633 shares of the bank’s stock worth $310,000 after purchasing an additional 2,553 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Huntington Bancshares by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 170,257 shares of the bank’s stock worth $2,555,000 after purchasing an additional 4,525 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of Huntington Bancshares by 42.7% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 41,980 shares of the bank’s stock worth $630,000 after purchasing an additional 12,569 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Up 0.8%

HBAN stock opened at $15.50 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $22.61 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.73 and a beta of 0.96. The business has a 50-day moving average of $17.08 and a 200-day moving average of $16.12. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The company had revenue of $469.00 million during the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HBAN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Thursday, July 3rd. Jefferies Financial Group boosted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Stephens boosted their target price on Huntington Bancshares from $18.00 to $19.00 in a research note on Friday. Finally, Morgan Stanley boosted their target price on Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

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.