Squarepoint Ops LLC lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,622,421 shares of the bank’s stock after buying an additional 156,331 shares during the quarter. Squarepoint Ops LLC’s holdings in Huntington Bancshares were worth $46,496,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $3,134,426,000. State Street Corp raised its position in shares of Huntington Bancshares by 4.7% during the 4th quarter. State Street Corp now owns 77,228,656 shares of the bank’s stock valued at $1,351,806,000 after acquiring an additional 3,438,501 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Huntington Bancshares by 4,265.5% in the fourth quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after purchasing an additional 68,478,435 shares during the period. Boston Partners boosted its holdings in Huntington Bancshares by 3.9% in the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after purchasing an additional 2,363,905 shares during the period. Finally, Invesco Ltd. increased its stake in Huntington Bancshares by 6.6% during the fourth quarter. Invesco Ltd. now owns 62,971,849 shares of the bank’s stock valued at $1,092,562,000 after purchasing an additional 3,908,927 shares during the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HBAN has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Stephens dropped their price target on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.
Huntington Bancshares Price Performance
Shares of NASDAQ:HBAN opened at $16.76 on Wednesday. The stock has a market cap of $33.86 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The stock’s 50 day moving average price is $17.48 and its 200 day moving average price is $16.76.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be issued a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio is presently 48.06%.
Insider Transactions at Huntington Bancshares
In related news, Director James Rollins, III sold 223,522 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marcy Hingst sold 10,568 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares in the company, valued at $4,821,462. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 262,061 shares of company stock valued at $4,549,432 over the last quarter. Company insiders own 0.67% of the company’s stock.
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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