KBC Group NV Purchases 3,729,974 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

KBC Group NV raised its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 715.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,251,631 shares of the bank’s stock after acquiring an additional 3,729,974 shares during the period. KBC Group NV’s holdings in Huntington Bancshares were worth $54,081,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Comerica Bank bought a new stake in Huntington Bancshares during the third quarter valued at about $5,261,000. Vest Financial LLC raised its position in shares of Huntington Bancshares by 16.5% during the fourth quarter. Vest Financial LLC now owns 1,000,872 shares of the bank’s stock valued at $12,731,000 after buying an additional 141,410 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of Huntington Bancshares by 43.4% during the fourth quarter. Lindbrook Capital LLC now owns 4,530 shares of the bank’s stock valued at $58,000 after buying an additional 1,371 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Huntington Bancshares by 199.6% during the third quarter. Bank of Nova Scotia now owns 374,289 shares of the bank’s stock valued at $3,893,000 after buying an additional 249,356 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Huntington Bancshares by 0.7% during the third quarter. Vanguard Group Inc. now owns 172,069,244 shares of the bank’s stock valued at $1,789,520,000 after buying an additional 1,209,264 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Zachary Jacob Wasserman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00. Following the sale, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $13.66, for a total value of $409,800.00. Following the transaction, the chief financial officer now directly owns 305,884 shares of the company’s stock, valued at $4,178,375.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann B. Crane sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $13.54, for a total transaction of $785,320.00. Following the completion of the transaction, the director now directly owns 192,247 shares in the company, valued at $2,603,024.38. The disclosure for this sale can be found here. Insiders have sold 215,829 shares of company stock valued at $2,933,943 over the last three months. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on HBAN shares. Evercore ISI upped their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Bank of America raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $16.00 in a research report on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $16.00 price target on shares of Huntington Bancshares in a research report on Monday, April 22nd. UBS Group raised shares of Huntington Bancshares from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their price target on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.30.

Read Our Latest Stock Analysis on HBAN

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $13.56 on Tuesday. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $14.30. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $13.71 and a 200-day moving average of $12.97. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 2.57 and a beta of 1.08.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last released its quarterly earnings results on Friday, April 19th. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. Huntington Bancshares had a net margin of 15.86% and a return on equity of 11.99%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.62 annualized dividend and a dividend yield of 4.57%. Huntington Bancshares’s dividend payout ratio (DPR) is currently 55.86%.

Huntington Bancshares Profile

(Free Report)

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.

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

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