Mitsubishi UFJ Asset Management Co. Ltd. Invests $88.85 Million in Huntington Bancshares Incorporated $HBAN

Key Points

• Mitsubishi UFJ Asset Management purchased 5.01 million Huntington Bancshares shares worth approximately $88.9 million, giving it a 0.25% stake. Institutional investors collectively own 80.72% of the bank.
• Huntington reported quarterly EPS of $0.39, matching analysts’ estimates, while revenue of $2.86 billion exceeded expectations. The bank also declared a quarterly dividend of $0.155 per share, representing a 3.5% annualized yield.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $20.24 price target versus the reported share price of $17.66. However, insiders sold substantially more shares than they purchased during the quarter.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,011,473 shares of the bank's stock, valued at approximately $88,853,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of Huntington Bancshares at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in shares of Huntington Bancshares by 5.0% during the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank's stock worth $434,000 after buying an additional 1,366 shares during the period. Woodline Partners LP increased its position in Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank's stock valued at $1,844,000 after acquiring an additional 35,574 shares during the period. Brown Advisory Inc. increased its position in Huntington Bancshares by 8.3% in the 2nd quarter. Brown Advisory Inc. now owns 39,490 shares of the bank's stock valued at $662,000 after acquiring an additional 3,023 shares during the period. Daiwa Securities Group Inc. raised its stake in Huntington Bancshares by 6.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 219,185 shares of the bank's stock valued at $3,674,000 after acquiring an additional 12,865 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Huntington Bancshares by 6.2% during the 2nd quarter. Sei Investments Co. now owns 707,605 shares of the bank's stock worth $11,859,000 after acquiring an additional 41,156 shares during the period. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $17.66 on Wednesday. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a 50-day moving average price of $17.60 and a 200 day moving average price of $16.88. The company has a market cap of $35.68 billion, a P/E ratio of 13.69, a PEG ratio of 0.85 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its 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. The company had revenue of $2.86 billion for 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 quarter in the previous year, the firm posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared 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 is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares's payout ratio is 48.06%.

Insider Buying and Selling

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the sale, the director directly owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $190,224.00. Following the transaction, the executive vice president directly owned 267,859 shares in the company, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. 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 quarter, 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 corporate insiders.

Analysts Set New Price Targets

HBAN has been the topic of several analyst reports. UBS Group lifted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on Huntington Bancshares from $18.50 to $19.50 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday. Truist Financial lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.24.

About Huntington Bancshares

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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