Are Hedge Funds Betting Against Huntington Bancshares Incorporated (HBAN)?

March 17th, 20188:39 am @


The Company has the market capitalization of $17.28B. The institutional investor held 308,553 shares of the major banks company at the end of 2017Q3, valued at $4.31 million, down from 421,539 at the end of the previous reported quarter.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Tuesday, January 23rd.

At the end of 12/31/2017 reporting period, 314 institutional holders increased their position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by some 47,586,393 shares, 244 decreased positions by 56,308,036 and 122 held positions by 745,296,835. This nets out to an increase of 7.56 million shares and is a bullish sign for HBAN.

COPYRIGHT VIOLATION NOTICE: “Retirement Systems of Alabama Cuts Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. It has outperformed by 6.29% the SP500. It also increased its holding in Nrg Energy Inc (NYSE:NRG) by 834,700 shares in the quarter, for a total of 3.90 million shares, and has risen its stake in Mckesson Corp (NYSE:MCK). BidaskClub raised shares of Huntington Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Hilliard Lyons upgraded Huntington Bancshares from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, February 9th. The company exchanged hands with 1,049,154 shares compared to its average daily volume of 625.50K shares. About 56,009 shares traded. Switch, Inc. (NYSE:SWCH) has 0.00% since March 15, 2017 and is. It has outperformed by 14.32% the SP500. Nine research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 29% are positive. Realty Income had 38 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, January 20.

ATR is counted for different periods, like 9-day, 14-day, 20-day, 50-day and 100-day. The firm has “Mkt Perform” rating given on Friday, January 22 by FBR Capital. Trading volume, or volume, is the number of shares or contracts that indicates the overall activity of a security or market for a given period. The firm has “Buy” rating given on Thursday, September 7 by RBC Capital Markets. Baird restated a hold rating and set a $16.00 price target on shares of Huntington Bancshares in a report on Wednesday, January 3rd. As a result, the company has an EPS growth of 11.26% for the approaching year. The firm earned “Buy” rating on Thursday, October 26 by Nomura. 791.23 million shares or 0.57% less from 795.73 million shares in 2017Q2 were reported.

Investors sentiment decreased to 1.03 in Q3 2017. And beta factor stands at 0.82. 48 funds opened positions while 156 raised stakes. Amf Pensionsforsakring Ab holds 107,554 shares or 0.18% of its portfolio. Pekin Singer Strauss Asset Mngmt Il reported 33,818 shares. Investors of record on Monday, March 19th will be issued a dividend of $0.11 per share. The company has 131.84M shares outstanding with 0.60% insider ownership. Apg Asset Management Nv holds 0.01% or 258,500 shares. White Elm Ltd Company owns 1.48 million shares. Sei holds 14,061 shares or 0% of its portfolio. The company has 2.09B shares outstanding with 0.3% insider ownership. (NYSE:RTEC). State Of Alaska Department Of Revenue, a Alaska-based fund reported 6,210 shares. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported. 362,581 are held by Williams Jones Ltd Liability Co. Natl Bank Of America De has 39,702 shares for 0% of their portfolio. The technical indicator does not lead us to believe the stock will see more gains/loss anytime soon. Baxter Bros owns 0.38% invested in Eaton Corporation plc (NYSE:ETN) for 17,212 shares. (TSE:CLS), 0 have Buy rating, 0 Sell and 4 Hold. $151,260 worth of Rudolph Technologies, Inc. (NYSE:RTEC) shares were sold by Gardner Steven D. On Thursday, February 15 the insider Goodrich Michael F. sold $63,250. During the same quarter last year, the business posted $0.18 EPS. equities research analysts predict that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year. The price to earnings ratio indicates the expected price of a share based on its earnings. HBAN’s profit will be $308.66 million for 14.29 P/E if the $0.28 EPS becomes a reality. After $0.26 actual earnings per share reported by Huntington Bancshares Incorporated for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Rhumbline Advisers boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Therefore 53% are positive. Dreman Value L L C has invested 0% in Huntington Bancshares Incorporated (NASDAQ:HBAN). BMO Capital Markets maintained it with “Hold” rating and $18.0 target in Tuesday, January 23 report. The rating was maintained by Jefferies on Monday, September 18 with “Buy”. This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. Huntington Bancshares Incorporated (HBAN) is highly profitable company that pays rich dividends. JP Morgan upgraded the shares of ETN in report on Friday, December 9 to “Overweight” rating. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Outperform” rating given on Tuesday, November 22 by Macquarie Research.

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