Huntington Bancshares Incorporated $HBAN Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Huntington Bancshares stake by 56% in the second quarter, selling 1.71 million shares and retaining 1.34 million shares valued at approximately $23.8 million. Institutional investors and hedge funds collectively own 80.72% of HBAN.
• Huntington reported quarterly EPS of $0.39, matching analyst expectations, while revenue of $2.86 billion exceeded estimates. The bank maintained FY 2026 EPS guidance of $1.90–$1.93.
• The company declared a quarterly dividend of $0.155 per share, or $0.62 annually, representing a 3.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $20.11.

Assenagon Asset Management S.A. lessened its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 56.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,342,451 shares of the bank's stock after selling 1,711,072 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Huntington Bancshares worth $23,802,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in Huntington Bancshares by 4,265.5% during the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank's stock worth $1,215,955,000 after buying an additional 68,478,435 shares during 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. increased its stake 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 acquiring an additional 14,338,222 shares during the period. Dimensional Fund Advisors LP raised its holdings in Huntington Bancshares by 27.2% during the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank's stock worth $367,388,000 after purchasing an additional 5,026,894 shares in the last quarter. Finally, Amundi raised its holdings in Huntington Bancshares by 30.7% during the first quarter. Amundi now owns 19,502,547 shares of the bank's stock worth $305,215,000 after purchasing an additional 4,578,566 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

Shares of Huntington Bancshares stock opened at $17.55 on Monday. 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 cap of $35.46 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 0.83 and a beta of 0.94. The company has a 50-day moving average of $17.40 and a two-hundred day moving average of $16.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) 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. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.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 anticipate that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares's payout ratio is presently 48.06%.

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of analyst reports. UBS Group lifted their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Morgan Stanley reissued an "equal weight" rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. Barclays cut Huntington Bancshares from a "hold" rating to a "strong sell" rating in a report on Monday, April 20th. Robert W. Baird upped their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada increased their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.11.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 10,568 shares of the company's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president owned 267,859 shares of the company's stock, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the firm's stock in a transaction 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 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 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 owned by corporate insiders.

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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