Corient Private Wealth LP Acquires 391,765 Shares of Huntington Bancshares Incorporated $HBAN

Corient Private Wealth LP boosted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 49.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,181,747 shares of the bank's stock after acquiring an additional 391,765 shares during the quarter. Corient Private Wealth LP owned 0.06% of Huntington Bancshares worth $20,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in Huntington Bancshares in the 2nd quarter valued at about $3,134,426,000. California State Teachers Retirement System raised its stake in shares of Huntington Bancshares by 1,901.5% during the second quarter. California State Teachers Retirement System now owns 50,838,045 shares of the bank's stock valued at $901,359,000 after acquiring an additional 48,297,988 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Huntington Bancshares by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 43,171,993 shares of the bank's stock valued at $746,257,000 after purchasing an additional 3,074,673 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Huntington Bancshares by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank's stock valued at $649,115,000 after purchasing an additional 3,182,001 shares during the period. Finally, Norges Bank bought a new position in Huntington Bancshares in the fourth quarter worth approximately $432,584,000. Hedge funds and other institutional investors own 80.72% of the company's stock.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the business's stock in a transaction 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 sale, the insider directly owned 70,025 shares of the company's stock, valued at $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marcy Hingst sold 10,568 shares of the company's stock in a transaction on 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 directly owned 267,859 shares in the company, valued at approximately $4,821,462. The trade was a 3.80% decrease in their ownership of the stock. 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 own 0.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial raised their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a research report on Thursday, July 23rd. Weiss Ratings upgraded Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, July 6th. Evercore restated an "outperform" rating and set a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, July 6th. Finally, Robert W. Baird lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.24.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $16.77 on Tuesday. 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 capitalization of $33.88 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The stock's 50-day simple moving average is $17.39 and its 200-day simple moving average is $16.74.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed 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 is Thursday, September 17th. Huntington Bancshares's payout ratio is presently 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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