Handelsbanken Fonder AB Has $10.89 Million Stock Holdings in Huntington Bancshares Incorporated $HBAN

Key Points

• Handelsbanken Fonder AB increased its Huntington Bancshares position by 15.8% in the second quarter, adding 83,706 shares for a total holding of 614,273 shares valued at $10.89 million. Institutional investors collectively own 80.72% of HBAN.
• Huntington Bancshares reported quarterly EPS of $0.39, matching estimates, while revenue of $2.86 billion exceeded expectations. The bank also declared a quarterly dividend of $0.155 per share, equivalent to a 3.5% annual yield.
• Analyst sentiment remains a “Moderate Buy,” with an average price target of $20.11 versus the reported share price of $17.77; however, insiders sold substantially more stock than they purchased over the past 90 days.

Handelsbanken Fonder AB grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 614,273 shares of the bank's stock after buying an additional 83,706 shares during the period. Handelsbanken Fonder AB's holdings in Huntington Bancshares were worth $10,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 acquiring an additional 14,338,222 shares during the period. State Street Corp boosted its holdings in Huntington Bancshares by 4.7% in the 4th quarter. State Street Corp now owns 77,228,656 shares of the bank's stock valued at $1,351,806,000 after purchasing an additional 3,438,501 shares during the period. Wellington Management Group LLP boosted its holdings in Huntington Bancshares by 4,265.5% in the 4th 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 period. Boston Partners grew its position in shares of Huntington Bancshares by 3.9% during the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank's stock worth $1,091,615,000 after purchasing an additional 2,363,905 shares in the last quarter. Finally, Invesco Ltd. grew its position 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 purchasing an additional 3,908,927 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction dated 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 in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction dated Thursday, June 25th. The stock was 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have acquired 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. 0.67% of the stock is currently owned by insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $17.77 on Friday. The company's 50 day simple moving average is $17.53 and its 200 day simple moving average is $16.87. The stock has a market capitalization of $35.90 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares Incorporated has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same period in the prior year, the company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares's dividend payout ratio (DPR) is 48.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America reiterated a "neutral" rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Truist Financial raised their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Barclays cut Huntington Bancshares from a "hold" rating to a "strong sell" rating in a report on Monday, April 20th. Stephens cut their target price on Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating for the company in a research report on Friday, July 24th. Finally, Jefferies Financial Group set a $18.00 target price on Huntington Bancshares in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average price target of $20.11.

Huntington Bancshares 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.

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