Decker Retirement Planning Inc. Makes New Investment in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Decker Retirement Planning Inc. bought a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,506 shares of the bank’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Huntington Bancshares by 10.3% in the third quarter. State Street Corp now owns 79,474,115 shares of the bank’s stock worth $1,179,319,000 after acquiring an additional 7,439,909 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Huntington Bancshares by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank’s stock valued at $921,778,000 after purchasing an additional 1,522,767 shares during the last quarter. Geode Capital Management LLC boosted its position in Huntington Bancshares by 1.3% in the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank’s stock valued at $540,422,000 after buying an additional 473,893 shares in the last quarter. FMR LLC grew its stake in shares of Huntington Bancshares by 16.8% during the third quarter. FMR LLC now owns 23,719,168 shares of the bank’s stock worth $348,672,000 after buying an additional 3,410,597 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Huntington Bancshares by 13.2% during the third quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank’s stock worth $298,682,000 after buying an additional 2,363,988 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 1.2 %

Shares of HBAN stock opened at $16.84 on Friday. Huntington Bancshares Incorporated has a 12 month low of $12.02 and a 12 month high of $18.44. The company has a 50 day simple moving average of $17.07 and a two-hundred day simple moving average of $15.43. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The stock has a market cap of $24.47 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.51 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same period in the previous year, the firm earned $0.27 earnings per share. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current year.

Insider Buying and Selling at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of Huntington Bancshares stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total transaction of $99,600.65. Following the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,699 shares of company stock worth $757,356. Insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HBAN shares. Barclays upped their price objective on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Sandler O’Neill reaffirmed a “buy” rating on shares of Huntington Bancshares in a research note on Friday, October 18th. Truist Financial started coverage on shares of Huntington Bancshares in a research note on Tuesday, January 7th. They issued a “buy” rating and a $19.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a research report on Monday, December 23rd. Finally, Citigroup raised their price objective on Huntington Bancshares from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.76.

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.