Janus Henderson Group PLC Purchases 52,866 Shares of Huntington Bancshares Incorporated $HBAN

Janus Henderson Group PLC lifted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 27.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 244,907 shares of the bank’s stock after buying an additional 52,866 shares during the quarter. Janus Henderson Group PLC’s holdings in Huntington Bancshares were worth $3,832,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Huntington Bancshares by 4,265.5% during the fourth quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock valued at $1,215,955,000 after buying an additional 68,478,435 shares during the last quarter. Norges Bank purchased a new stake in Huntington Bancshares during the fourth quarter valued at approximately $432,584,000. Vanguard Group Inc. raised its holdings in Huntington Bancshares by 8.1% during the 4th quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock valued at $3,319,385,000 after buying an additional 14,338,222 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Bancshares by 27.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after acquiring an additional 5,026,894 shares during the last quarter. Finally, Amundi boosted its stake in shares of Huntington Bancshares by 30.7% during the 1st 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 during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 10,568 shares of the 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 completion of the sale, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders bought 22,000 shares of company stock worth $401,219 and sold 262,061 shares worth $4,549,432. 0.67% of the stock is owned by insiders.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $17.55 on Friday. The firm has a 50 day moving average of $17.40 and a 200 day moving average of $16.88. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $35.46 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94. Huntington Bancshares Incorporated has a 52 week low of $14.89 and a 52 week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $2.86 billion during 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 period in the previous year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

HBAN has been the topic of a number of analyst reports. Weiss Ratings raised Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America restated a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Barclays lowered Huntington Bancshares from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada lifted their target price 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 analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $20.11.

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.