Huntington Bancshares Incorporated $HBAN Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.5% in the second quarter, HoldingsChannel reports. The firm owned 122,300,772 shares of the bank’s stock after selling 7,086,361 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of Huntington Bancshares worth $2,168,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Bancorp Inc ME purchased a new stake in Huntington Bancshares in the second quarter valued at $389,000. MV Capital Management Inc. acquired a new position in Huntington Bancshares in the 4th quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares during the 3rd quarter valued at approximately $26,000. Centennial Bank AR purchased a new position in shares of Huntington Bancshares in the 4th quarter valued at approximately $28,000. Finally, Trust Co. of Vermont acquired a new position in shares of Huntington Bancshares in the second quarter valued at approximately $29,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a report on Tuesday, August 18th. Bank of America reissued a “neutral” rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Wall Street Zen upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.24.

Huntington Bancshares Stock Up 0.4%

HBAN stock opened at $16.92 on Friday. The company has a market cap of $34.19 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.80 and a beta of 0.94. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The company’s 50-day moving average price is $17.59 and its 200 day moving average price is $16.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the company earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, research analysts expect that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s payout ratio is 48.06%.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were 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 directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. 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 value of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by insiders.

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.