63,283 Shares in Huntington Bancshares Incorporated $HBAN Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,283 shares of the bank’s stock, valued at approximately $1,122,000.

A number of other large 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. Wellington Management Group LLP lifted its holdings in shares of 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 in the last quarter. Norges Bank acquired a new position in shares of Huntington Bancshares during the fourth quarter worth about $432,584,000. Vanguard Group Inc. boosted its position 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 worth $3,319,385,000 after buying an additional 14,338,222 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Huntington Bancshares during the second quarter worth about $229,246,000. Institutional investors own 80.72% of the company’s stock.

Insider Activity

In other news, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HBAN shares. Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a research report on Thursday, July 23rd. UBS Group upped their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their price objective on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares Stock Up 0.1%

Huntington Bancshares stock opened at $17.04 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The company’s 50-day moving average is $17.59 and its 200-day moving average is $16.86. The firm has a market capitalization of $34.43 billion, a PE ratio of 13.21, a P/E/G ratio of 0.81 and a beta of 0.94. Huntington Bancshares Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The firm 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 $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio is currently 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.