Sei Investments Co. lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 18.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,311,013 shares of the bank’s stock after purchasing an additional 205,970 shares during the quarter. Sei Investments Co.’s holdings in Huntington Bancshares were worth $20,517,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Huntington Bancshares by 4,265.5% in the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock valued at $1,215,955,000 after buying an additional 68,478,435 shares in the last quarter. Norges Bank acquired a new stake in Huntington Bancshares in the fourth quarter valued at approximately $432,584,000. Vanguard Group Inc. increased its holdings in shares of Huntington Bancshares by 8.1% during the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after acquiring an additional 14,338,222 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 27.2% during the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after purchasing an additional 5,026,894 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Huntington Bancshares by 2,458.7% during the fourth quarter. Marshall Wace LLP now owns 4,516,068 shares of the bank’s stock worth $78,354,000 after purchasing an additional 4,339,571 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on HBAN. The Goldman Sachs Group reduced their price target on shares of Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Stephens decreased their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Finally, Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.11.
Insider Buying and Selling at Huntington Bancshares
In other news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total transaction of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, the director directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have bought a total of 22,000 shares of company stock valued at $401,219 in the last quarter. 0.67% of the stock is owned by corporate insiders.
Huntington Bancshares Stock Performance
Shares of HBAN stock opened at $16.84 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $34.14 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.82 and a beta of 0.93. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The firm’s 50-day simple moving average is $17.21 and its two-hundred day simple moving average is $16.90.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.6 earnings per share for the current year.
Huntington Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s payout ratio is presently 48.06%.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.
Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.
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