Man Group plc Takes $29.01 Million Position in Huntington Bancshares Incorporated $HBAN

Man Group plc bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,636,270 shares of the bank’s stock, valued at approximately $29,011,000. Man Group plc owned 0.08% of Huntington Bancshares at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in Huntington Bancshares in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $29,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at $31,000. 80.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HBAN has been the topic of several research analyst reports. Wells Fargo & Company assumed coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They set an “overweight” rating and a $23.00 target price on the stock. Evercore reiterated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. Truist Financial increased their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Robert W. Baird raised their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Stephens decreased their target price on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. This trade represents a 3.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of Huntington Bancshares 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 transaction, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This trade represents a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 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 Stock Performance

NASDAQ HBAN opened at $17.04 on Thursday. The company has a market cap of $34.43 billion, a P/E ratio of 13.21, a PEG ratio of 0.80 and a beta of 0.94. The company has a fifty day simple moving average of $17.59 and a 200 day simple moving average of $16.83. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 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.