Bessemer Group Inc. Buys 37,451 Shares of Huntington Bancshares Incorporated $HBAN

Bessemer Group Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 246.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,620 shares of the bank’s stock after acquiring an additional 37,451 shares during the period. Bessemer Group Inc.’s holdings in Huntington Bancshares were worth $824,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HBAN. Wellington Management Group LLP boosted its stake in Huntington Bancshares by 4,265.5% in the 4th quarter. Wellington Management Group LLP now owns 70,083,841 shares of the bank’s stock worth $1,215,955,000 after purchasing an additional 68,478,435 shares in the last quarter. Norges Bank purchased a new position in Huntington Bancshares in the fourth quarter worth about $432,584,000. Vanguard Group Inc. lifted its stake in shares of Huntington Bancshares by 8.1% in the fourth quarter. Vanguard Group Inc. now owns 191,319,041 shares of the bank’s stock worth $3,319,385,000 after buying an additional 14,338,222 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Huntington Bancshares by 2,458.7% in the fourth quarter. Marshall Wace LLP now owns 4,516,068 shares of the bank’s stock worth $78,354,000 after buying an additional 4,339,571 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Huntington Bancshares during the fourth quarter valued at approximately $75,236,000. 80.72% of the stock is owned by institutional investors.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders purchased 33,500 shares of company stock valued at $617,542. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HBAN shares. The Goldman Sachs Group lowered their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Stephens assumed coverage on shares of Huntington Bancshares in a research note on Monday, June 15th. They set an “equal weight” rating and a $19.00 target price on the stock. Morgan Stanley raised their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Evercore reissued an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Huntington Bancshares Price Performance

Shares of HBAN stock opened at $17.40 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market cap of $35.27 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.82 and a beta of 0.93. Huntington Bancshares Incorporated has a one year low of $14.89 and a one year high of $19.45. The stock’s fifty day simple moving average is $17.09 and its 200 day simple moving average is $16.93.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. During the same quarter in the prior year, the firm earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.62 earnings per share 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 issued a $0.155 dividend. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 47.69%.

Huntington Bancshares News Roundup

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Adjusted Q2 EPS came in at $0.39, matching Wall Street estimates and improving from $0.38 a year ago, while revenue of about $2.85 billion was slightly ahead of expectations. Article link
• Positive Sentiment: Net interest income, fee income, loans, and deposits all increased year over year, pointing to solid underlying business momentum. Article link
• Positive Sentiment: The company raised full-year 2026 EPS guidance to $1.90-$1.93, above the consensus estimate, signaling management confidence in earnings growth ahead.
• Neutral Sentiment: Huntington said it maintained its 2026 outlook overall, and investors are likely focusing on the balance between stronger income trends and softer margins. Article link
• Negative Sentiment: Net interest margin declined in the quarter as funding costs rose, which may temper enthusiasm even with stronger revenue and earnings growth. Article link
• Negative Sentiment: Rising expenses and provisions remain a headwind, suggesting some pressure on profitability despite the better operating revenue mix. Article link

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.