Charles Schwab Investment Management Inc. Has $921.78 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Charles Schwab Investment Management Inc. boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,708,399 shares of the bank’s stock after acquiring an additional 1,522,767 shares during the quarter. Charles Schwab Investment Management Inc. owned 4.32% of Huntington Bancshares worth $921,778,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HBAN. Boston Partners raised its position in Huntington Bancshares by 20.4% in the 1st quarter. Boston Partners now owns 56,175,987 shares of the bank’s stock valued at $783,215,000 after buying an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Huntington Bancshares by 13.2% in the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock valued at $298,682,000 after purchasing an additional 2,363,988 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank’s stock valued at $208,346,000 after purchasing an additional 561,565 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Huntington Bancshares by 9.5% during the second quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank’s stock valued at $85,940,000 after purchasing an additional 566,015 shares in the last quarter. Finally, abrdn plc boosted its holdings in Huntington Bancshares by 3.9% during the third quarter. abrdn plc now owns 3,660,616 shares of the bank’s stock worth $53,976,000 after purchasing an additional 137,032 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Shares of HBAN opened at $17.50 on Thursday. Huntington Bancshares Incorporated has a twelve month low of $10.73 and a twelve month high of $17.97. The firm has a 50 day moving average of $15.58 and a 200 day moving average of $14.41. The company has a market capitalization of $25.42 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the company earned $0.36 earnings per share. As a group, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a $0.155 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 annualized dividend and a yield of 3.54%. Huntington Bancshares’s payout ratio is 59.62%.

Insider Buying and Selling at Huntington Bancshares

In related news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares in the company, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the sale, the chief financial officer now owns 259,943 shares in the company, valued at approximately $4,582,795.09. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,699 shares of company stock worth $757,356 in the last three months. 0.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Citigroup boosted their target price on Huntington Bancshares from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday. DA Davidson increased their target price on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Evercore ISI raised their price objective on shares of Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.26.

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.