Sequoia Financial Advisors LLC lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 12.9% in the 2nd quarter, Holdings Channel reports. The firm owned 638,779 shares of the bank’s stock after purchasing an additional 72,920 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Huntington Bancshares were worth $11,326,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBAN. BlackRock Inc. acquired a new stake in shares of Huntington Bancshares in the 2nd quarter worth approximately $3,134,426,000. State Street Corp boosted its position in Huntington Bancshares by 4.7% during the fourth quarter. State Street Corp now owns 77,228,656 shares of the bank’s stock worth $1,351,806,000 after purchasing an additional 3,438,501 shares in the last quarter. Wellington Management Group LLP grew 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 valued at $1,215,955,000 after purchasing an additional 68,478,435 shares during the last quarter. Boston Partners increased its position in shares of Huntington Bancshares by 3.9% in the third quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock valued at $1,091,615,000 after buying an additional 2,363,905 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Huntington Bancshares by 6.6% during the 4th quarter. Invesco Ltd. now owns 62,971,849 shares of the bank’s stock worth $1,092,562,000 after buying an additional 3,908,927 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Kendall Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marcy Hingst sold 10,568 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.67% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Get Our Latest Analysis on HBAN
Huntington Bancshares Trading Up 0.6%
Shares of Huntington Bancshares stock opened at $16.73 on Friday. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The firm has a market cap of $33.80 billion, a PE ratio of 12.97, a P/E/G ratio of 0.90 and a beta of 0.92. The business’s fifty day moving average is $17.43 and its two-hundred day moving average is $16.74. 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 firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 48.06%.
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.
The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.
Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.
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