Wellington Management Group LLP Has $2.17 Billion Position in Huntington Bancshares Incorporated $HBAN

Wellington Management Group LLP lessened its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,300,772 shares of the bank’s stock after selling 7,086,361 shares during the period. Wellington Management Group LLP owned approximately 6.05% of Huntington Bancshares worth $2,168,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. MV Capital Management Inc. bought a new position in Huntington Bancshares in the 4th quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new position in shares of Huntington Bancshares during the 3rd quarter valued at $26,000. Centennial Bank AR acquired a new stake in Huntington Bancshares in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares during the second quarter worth about $29,000. Finally, Johnson Financial Group Inc. bought a new stake in Huntington Bancshares during the second quarter worth $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HBAN. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on shares of Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 target price on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.24.

Insider Buying and Selling

In other news, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction that occurred on Friday, June 12th. The shares were 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 of the company’s stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction dated 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 approximately $1,204,430. This represents a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 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 currently owned by insiders.

Huntington Bancshares Stock Up 0.4%

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

Huntington Bancshares (NASDAQ:HBAN) last issued 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 firm 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 period in the previous year, the firm 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 forecast that Huntington Bancshares Incorporated will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

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.