BlackRock Amends Huntington Bancshares Stake to 10.0%
Ticker: HBANP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 49196
| Field | Detail |
|---|---|
| Company | Huntington Bancshares Inc /Md/ (HBANP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, passive-investing
TL;DR
**BlackRock still owns 10.0% of Huntington Bancshares, a slight dip but still a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of 10.0% of Huntington Bancshares Inc.'s Common Stock as of December 31, 2023. This represents a slight decrease from their previous reported ownership, but BlackRock remains a significant institutional holder. This matters to investors because BlackRock's continued substantial stake suggests confidence in Huntington Bancshares, but any future significant changes in their holdings could influence market perception and stock price.
Why It Matters
BlackRock's continued large ownership stake in Huntington Bancshares signals institutional confidence, but a slight reduction could be a minor yellow flag for investors.
Risk Assessment
Risk Level: low — This filing indicates a minor adjustment in a large institutional holding, which typically poses low risk to the average investor.
Analyst Insight
Investors should note BlackRock's continued substantial, albeit slightly reduced, stake in Huntington Bancshares, which suggests ongoing institutional interest. Monitor future 13G/A filings for significant changes in BlackRock's position, as large shifts could signal a change in their outlook on the company.
Key Numbers
- 10.0% — Ownership Percentage (BlackRock's stake in Huntington Bancshares Inc. as of December 31, 2023.)
- December 31, 2023 — Reporting Date (The date for which the ownership information is reported.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Huntington Bancshares Inc. (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- 10.0% (dollar_amount) — BlackRock's reported ownership percentage of Huntington Bancshares' common stock
Forward-Looking Statements
- BlackRock will likely maintain a significant, but potentially fluctuating, stake in Huntington Bancshares Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 9) by BlackRock Inc. to report its updated beneficial ownership of Common Stock in Huntington Bancshares Inc. as of December 31, 2023, under Rule 13d-1(b).
Who is the 'Name of Issuer' in this filing?
The 'Name of Issuer' is HUNTINGTON BANCSHARES INC, a National Commercial Bank based in Columbus, OH, with CIK 0000049196.
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is BlackRock Inc., a Security Broker, Dealer & Flotation Company based in New York, NY, with CIK 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated on the cover page of the Schedule 13G.
What is the CUSIP Number for the securities reported?
The CUSIP Number for the Common Stock of Huntington Bancshares Inc. is 446150104, as indicated on the cover page of the Schedule 13G.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding HUNTINGTON BANCSHARES INC /MD/ (HBANP).