Caisse de depot et placement du Quebec Purchases Shares of 4,492,456 Huntington Bancshares Incorporated $HBAN

Caisse de depot et placement du Quebec acquired a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,492,456 shares of the bank’s stock, valued at approximately $79,651,000.

Other large investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in Huntington Bancshares during the fourth quarter worth $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares during the 3rd quarter valued at $26,000. Centennial Bank AR bought a new position in Huntington Bancshares during the 4th quarter valued at $28,000. Trust Co. of Vermont purchased a new position in Huntington Bancshares during the 2nd quarter worth $29,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth $31,000. Institutional investors own 80.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HBAN shares. Wells Fargo & Company began coverage on shares of Huntington Bancshares in a research report on Monday, August 17th. They set an “overweight” rating and a $23.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 price objective (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research report on Thursday, July 23rd. Robert W. Baird boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.24.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $16.86 on Friday. The firm has a market cap of $34.06 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. The company’s 50 day moving average is $17.59 and its 200-day moving average is $16.82. Huntington Bancshares Incorporated has a 12-month low of $14.89 and a 12-month high of $19.45. 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 (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $2.86 billion during 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 business earned $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 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 paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Insider Activity at Huntington Bancshares

In related news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the sale, the director owned 612,155 shares in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 27,971 shares of the company’s stock in a transaction that occurred 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 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 have bought 22,000 shares of company stock valued at $401,219 and have sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by 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.