Amundi Has $187.06 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Amundi trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 45.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,550,769 shares of the bank's stock after selling 8,951,778 shares during the period. Amundi owned about 0.52% of Huntington Bancshares worth $187,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. bought a new stake in shares of Huntington Bancshares in the 4th quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new stake in Huntington Bancshares during the third quarter worth approximately $26,000. Centennial Bank AR bought a new stake in Huntington Bancshares during the fourth quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in Huntington Bancshares during the second quarter valued at approximately $29,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Huntington Bancshares in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Buying and Selling

In other news, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. The trade was 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. Insiders sold a total of 262,061 shares of company stock worth $4,549,432 in the last ninety days. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HBAN. Weiss Ratings upgraded Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, July 6th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, July 23rd. Evercore reiterated an "outperform" rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Monday, July 6th. Morgan Stanley reiterated an "equal weight" rating and set a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Finally, Wells Fargo & Company began coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They issued an "overweight" rating and a $23.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Huntington Bancshares currently has an average rating of "Moderate Buy" and an average price target of $20.24.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $16.76 on Wednesday. The firm has a 50 day moving average of $17.48 and a 200-day moving average of $16.76. Huntington Bancshares Incorporated has a 12 month low of $14.89 and a 12 month high of $19.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $33.86 billion, a PE ratio of 12.99, a PEG ratio of 0.93 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, equities research analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.