Kentucky Retirement Systems Sells 8,026 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Kentucky Retirement Systems lowered its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,184 shares of the bank’s stock after selling 8,026 shares during the quarter. Kentucky Retirement Systems’ holdings in Huntington Bancshares were worth $1,487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC grew its stake in shares of Huntington Bancshares by 6.2% in the 1st quarter. Kingsview Wealth Management LLC now owns 20,364 shares of the bank’s stock worth $284,000 after acquiring an additional 1,188 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Huntington Bancshares in the 1st quarter worth about $378,000. O Shaughnessy Asset Management LLC grew its position in Huntington Bancshares by 14.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 218,576 shares of the bank’s stock worth $3,049,000 after purchasing an additional 26,761 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Huntington Bancshares by 1,078.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 65,315 shares of the bank’s stock valued at $911,000 after buying an additional 59,774 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Huntington Bancshares by 21.2% during the 1st quarter. Bessemer Group Inc. now owns 17,241 shares of the bank’s stock worth $241,000 after buying an additional 3,010 shares in the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HBAN shares. Evercore ISI increased their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Citigroup raised their target price on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Baird R W downgraded shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Argus raised their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Barclays boosted their target price 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.09.

Huntington Bancshares Trading Up 0.6 %

Shares of HBAN opened at $17.80 on Tuesday. Huntington Bancshares Incorporated has a twelve month low of $10.73 and a twelve month high of $17.97. The stock has a market cap of $25.86 billion, a PE ratio of 17.12, a P/E/G ratio of 3.53 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $15.45 and its 200-day moving average price is $14.36.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 59.62%.

Insider Buying and Selling

In related news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total transaction of $505,362.00. Following the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,699 shares of company stock worth $757,356. Corporate insiders own 0.89% of the company’s stock.

About Huntington Bancshares

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.