Pacer Advisors Inc. lowered its position in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 35.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,840 shares of the bank’s stock after selling 55,101 shares during the quarter. Pacer Advisors Inc.’s holdings in Huntington Bancshares were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in HBAN. Wellington Management Group LLP lifted its stake in shares of 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 purchasing an additional 68,478,435 shares in the last quarter. Norges Bank purchased a new position in Huntington Bancshares in the fourth quarter valued at approximately $432,584,000. Vanguard Group Inc. raised its holdings in Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after buying an additional 14,338,222 shares during the period. Dimensional Fund Advisors LP lifted its position in Huntington Bancshares by 27.2% during the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock valued at $367,388,000 after buying an additional 5,026,894 shares in the last quarter. Finally, Amundi grew its stake in Huntington Bancshares by 30.7% during the first quarter. Amundi now owns 19,502,547 shares of the bank’s stock worth $305,215,000 after buying an additional 4,578,566 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.
Insiders Place Their Bets
In other news, 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 value of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the transaction, the insider directly owned 70,025 shares in the company, valued at $1,204,430. The trade was a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Research Report on Huntington Bancshares
Huntington Bancshares Price Performance
HBAN stock opened at $17.55 on Friday. The stock’s 50 day moving average is $17.40 and its two-hundred day moving average is $16.88. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45. The company has a market capitalization of $35.46 billion, a PE ratio of 13.60, a P/E/G ratio of 0.83 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is 48.06%.
Huntington Bancshares 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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