Public Employees Retirement System of Ohio Purchases New Holdings in Huntington Bancshares Incorporated $HBAN

Public Employees Retirement System of Ohio acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 958,953 shares of the bank's stock, valued at approximately $17,002,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Huntington Bancshares during the 2nd quarter valued at $3,134,426,000. Wellington Management Group LLP increased its holdings 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 acquiring an additional 68,478,435 shares during the period. Norges Bank purchased a new stake in Huntington Bancshares in the 4th quarter worth approximately $432,584,000. Bank of America Corp DE purchased a new stake in Huntington Bancshares in the 2nd quarter worth approximately $256,772,000. Finally, Bank of New York Mellon Corp bought a new position in Huntington Bancshares in the 2nd quarter valued at $229,246,000. Institutional investors own 80.72% of the company's stock.

Insider Activity at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the transaction, the director directly owned 612,155 shares in the company, valued at $10,620,889.25. This trade represents a 26.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares in the company, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by corporate insiders.

Huntington Bancshares Price Performance

HBAN opened at $16.92 on Friday. 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 has a market capitalization of $34.19 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. The stock's 50 day moving average price is $17.59 and its 200-day moving average price is $16.82. Huntington Bancshares Incorporated has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 the consensus estimate of $2.84 billion. During the same period in the previous year, the firm earned $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 year.

Huntington Bancshares Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.7%. Huntington Bancshares's dividend payout ratio is presently 48.06%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HBAN. JPMorgan Chase & Co. lifted their price objective on Huntington Bancshares from $18.50 to $19.50 and gave the company an "overweight" rating in a research note on Monday, July 6th. Truist Financial raised their price target on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Wells Fargo & Company started coverage on Huntington Bancshares in a report on Monday, August 17th. They set an "overweight" rating and a $23.00 price objective for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Finally, Evercore reissued an "outperform" rating and issued a $21.00 price target on shares of Huntington Bancshares in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.24.

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.

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