KBC Group NV Has $41.53 Million Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

KBC Group NV decreased its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 40.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,825,288 shares of the bank's stock after selling 1,934,411 shares during the period. KBC Group NV owned approximately 0.19% of Huntington Bancshares worth $41,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 200.7% during the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank's stock worth $26,000 after purchasing an additional 1,202 shares during the period. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares during the third quarter worth approximately $29,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Huntington Bancshares by 695.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank's stock valued at $30,000 after acquiring an additional 2,003 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Huntington Bancshares during the third quarter worth $31,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Huntington Bancshares during the third quarter worth $32,000. 80.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HBAN shares. Argus upped their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Sandler O'Neill reaffirmed a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. Evercore ISI raised their price target on shares of Huntington Bancshares from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Barclays raised their price objective on shares of Huntington Bancshares from $15.00 to $17.00 and gave the company an "equal weight" rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price target on shares of Huntington Bancshares from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average target price of $16.09.

Huntington Bancshares Trading Up 0.9 %

Shares of HBAN stock traded up $0.16 on Friday, hitting $17.69. 16,154,668 shares of the stock traded hands, compared to its average volume of 16,113,701. The stock has a market capitalization of $25.70 billion, a PE ratio of 16.86, a PEG ratio of 3.55 and a beta of 1.03. Huntington Bancshares Incorporated has a twelve month low of $10.73 and a twelve month high of $17.97. The firm's 50-day moving average price is $15.32 and its two-hundred day moving average price is $14.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's payout ratio is currently 59.62%.

Insiders Place Their Bets

In other news, insider Helga Houston sold 6,455 shares of the business's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the sale, the insider now owns 558,342 shares of the company's stock, valued at approximately $8,615,217.06. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,699 shares of company stock valued at $757,356. Insiders own 0.89% of the company's stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.