KBC Group NV Sells 1,764,322 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

KBC Group NV cut its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 62.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,966 shares of the bank's stock after selling 1,764,322 shares during the period. KBC Group NV owned approximately 0.07% of Huntington Bancshares worth $17,262,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp increased its position in shares of Huntington Bancshares by 10.3% during the 3rd quarter. State Street Corp now owns 79,474,115 shares of the bank's stock valued at $1,179,319,000 after purchasing an additional 7,439,909 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Huntington Bancshares by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 62,708,399 shares of the bank's stock valued at $921,778,000 after buying an additional 1,522,767 shares in the last quarter. Geode Capital Management LLC grew its holdings in Huntington Bancshares by 1.3% during the third quarter. Geode Capital Management LLC now owns 36,880,662 shares of the bank's stock worth $540,422,000 after acquiring an additional 473,893 shares during the period. FMR LLC raised its position in Huntington Bancshares by 16.8% in the third quarter. FMR LLC now owns 23,719,168 shares of the bank's stock worth $348,672,000 after acquiring an additional 3,410,597 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Huntington Bancshares by 13.2% in the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock valued at $298,682,000 after acquiring an additional 2,363,988 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Wall Street Analysts Forecast Growth

HBAN has been the subject of several recent research reports. Sandler O'Neill reissued a "buy" rating on shares of Huntington Bancshares in a research note on Friday, October 18th. DA Davidson increased their price objective on Huntington Bancshares from $16.50 to $17.50 and gave the company a "buy" rating in a research report on Monday, October 21st. Stephens restated an "equal weight" rating and issued a $18.50 target price on shares of Huntington Bancshares in a report on Tuesday, January 21st. StockNews.com raised Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Evercore ISI lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average target price of $18.06.

Insiders Place Their Bets

In related news, CFO Zachary Jacob Wasserman sold 8,644 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.63, for a total transaction of $152,393.72. Following the transaction, the chief financial officer now directly owns 259,943 shares in the company, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Scott D. Kleinman sold 28,600 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the sale, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. This represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company's stock.

Huntington Bancshares Stock Down 1.1 %

Shares of HBAN stock traded down $0.19 on Friday, hitting $17.20. The company's stock had a trading volume of 17,459,451 shares, compared to its average volume of 17,443,444. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market capitalization of $24.99 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.42 and a beta of 1.07. Huntington Bancshares Incorporated has a fifty-two week low of $12.05 and a fifty-two week high of $18.44. The firm's fifty day moving average price is $16.96 and its 200-day moving average price is $15.74.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter last year, the business posted $0.27 EPS. Research analysts anticipate that Huntington Bancshares Incorporated will post 1.4 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Tuesday, March 18th. Huntington Bancshares's dividend payout ratio (DPR) is currently 50.41%.

Huntington Bancshares 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.