PensionDanmark Pensionsforsikringsaktieselskab Grows Stock Holdings in Huntington Bancshares Incorporated $HBAN

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 394,580 shares of the bank’s stock after purchasing an additional 34,300 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Huntington Bancshares were worth $6,996,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research reports. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Robert W. Baird lifted their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Bank of America reissued a “neutral” rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Evercore reaffirmed an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. Finally, Barclays downgraded Huntington Bancshares from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Stock Up 1.1%

NASDAQ HBAN opened at $17.55 on Friday. 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 Incorporated has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The business has a 50 day moving average price of $17.40 and a two-hundred day moving average price of $16.88. The stock has a market cap of $35.46 billion, a PE ratio of 13.60, a P/E/G ratio of 0.83 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last posted 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 company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, sell-side analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company 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 dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.5%. Huntington Bancshares’s payout ratio is 48.06%.

Insiders Place Their Bets

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 612,155 shares of the company’s stock, valued at $10,620,889.25. This represents a 26.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have bought 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by company 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.