KBC Group NV Has $6.50 Million Position in Huntington Bancshares Incorporated (HBAN)

KBC Group NV boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 465,414 shares of the bank’s stock after buying an additional 33,045 shares during the period. KBC Group NV’s holdings in Huntington Bancshares were worth $6,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HBAN. CIBC Asset Management Inc increased its position in Huntington Bancshares by 1.6% during the 2nd quarter. CIBC Asset Management Inc now owns 115,356 shares of the bank’s stock valued at $1,560,000 after buying an additional 1,788 shares in the last quarter. IFP Advisors Inc increased its position in Huntington Bancshares by 29.5% during the 2nd quarter. IFP Advisors Inc now owns 80,631 shares of the bank’s stock valued at $1,090,000 after buying an additional 18,384 shares in the last quarter. Retirement Systems of Alabama increased its position in Huntington Bancshares by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 527,093 shares of the bank’s stock valued at $7,126,000 after buying an additional 2,196 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Huntington Bancshares during the 2nd quarter valued at approximately $134,000. Finally, Advisor Partners LLC increased its position in Huntington Bancshares by 6.8% during the 2nd quarter. Advisor Partners LLC now owns 17,626 shares of the bank’s stock valued at $238,000 after buying an additional 1,127 shares in the last quarter. 73.77% of the stock is owned by institutional investors.

Shares of Huntington Bancshares Incorporated (NASDAQ HBAN) opened at $14.46 on Wednesday. The company has a market capitalization of $15,608.86, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.65 and a beta of 1.33. Huntington Bancshares Incorporated has a fifty-two week low of $12.14 and a fifty-two week high of $14.93. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, October 25th. The bank reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Huntington Bancshares had a return on equity of 11.96% and a net margin of 20.76%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business posted $0.11 EPS. sell-side analysts expect that Huntington Bancshares Incorporated will post 0.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 3.04%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s payout ratio is presently 39.51%.

In related news, EVP Daniel J. Neumeyer sold 43,491 shares of Huntington Bancshares stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $13.77, for a total value of $199,844.01. Following the completion of the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

A number of research analysts recently weighed in on HBAN shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of Huntington Bancshares in a research report on Friday, September 8th. JMP Securities began coverage on Huntington Bancshares in a research report on Thursday, August 31st. They set an “outperform” rating and a $15.00 price objective for the company. Sanford C. Bernstein raised Huntington Bancshares from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $15.00 to $17.00 in a report on Thursday, September 14th. Nomura lifted their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $14.25 target price on shares of Huntington Bancshares in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.24.

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Huntington Bancshares Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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