October 28, 2017 – By Dolores Ford
Investors sentiment decreased to 0.99 in Q2 2017. Its down 0.06, from 1.05 in 2017Q1. It is negative, as 43 investors sold Huntington Bancshares Incorporated shares while 180 reduced holdings. 59 funds opened positions while 162 raised stakes. 795.73 million shares or 1.70% less from 809.49 million shares in 2017Q1 were reported.
114,196 were reported by Sg Americas Ltd Liability Company. Davidson & Garrard, a Virginia-based fund reported 58,720 shares. 58,081 were accumulated by Virtus Inv Advisers. Profund Advsr Limited Liability Corp, a Maryland-based fund reported 40,712 shares. White Elm Cap Limited Liability Co holds 3.24% or 1.26M shares in its portfolio. Barclays Public Limited Co owns 0.03% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 2.04M shares. Orrstown Fincl Service holds 0.05% or 3,700 shares. 70,900 are owned by Virginia Retirement System Et Al. Huntington Savings Bank holds 3.51 million shares. Aspiriant owns 11,425 shares. Los Angeles Capital & Equity Incorporated reported 0.07% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Int Incorporated Ca holds 0.29% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 149,500 shares. 10,296 are held by Verition Fund Mgmt Limited Liability. Bessemer holds 4,224 shares or 0% of its portfolio. 3,755 are owned by Winslow Evans And Crocker.
Since May 1, 2017, it had 2 insider buys, and 2 sales for $335,424 activity. Shares for $461,912 were sold by Heller Paul G on Tuesday, May 9. Another trade for 50,000 shares valued at $619,808 was bought by STEINOUR STEPHEN D. $88,419 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) was sold by Remiker Richard on Monday, May 1. Harmening Andrew J also bought $200,131 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) on Monday, May 15.
The chart of Huntington Bancshares Incorporated (HBAN) shows a double bottom with $12.82 target or 8.00 % below today’s $13.94 share price. The 9 months chart pattern indicates high risk for the $15.07B company. It was reported on Oct, 28 by Finviz.com. If the $12.82 price target is reached, the company will be worth $1.21B less. Double bottoms are rare but powerful chart patterns.
The stock increased 0.22% or $0.03 on October 27, reaching $13.94. About 8.32M shares traded or 0.85% up from the average. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 22.99% since October 28, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.
Huntington Bancshares Incorporated (NASDAQ:HBAN) Ratings Coverage
Among 26 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. Huntington Bancshares Incorporated had 67 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, September 7 with “Buy”. Jefferies downgraded the shares of HBAN in report on Monday, November 28 to “Hold” rating. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, January 22 report. Guggenheim upgraded the shares of HBAN in report on Friday, August 28 to “Buy” rating. On Thursday, August 20 the stock rating was initiated by Sterne Agee CRT with “Neutral”. Jefferies upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) on Monday, April 3 to “Buy” rating. On Thursday, October 26 the stock rating was downgraded by BMO Capital Markets to “Hold”. The rating was maintained by Jefferies with “Buy” on Friday, August 11. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Neutral” rating by Piper Jaffray on Tuesday, November 24. The stock has “Outperform” rating by Wedbush on Friday, October 7.
More recent Huntington Bancshares Incorporated (NASDAQ:HBAN) news were published by: Prnewswire.com which released: “Huntington Bancshares Incorporated Announces 38% Increase In Quarterly Cash …” on October 20, 2017. Also Prnewswire.com published the news titled: “Huntington Bancshares Incorporated Reports 2017 Third Quarter Earnings” on October 25, 2017. Finance.Yahoo.com‘s news article titled: “Should You Buy Huntington Bancshares (HBAN) Ahead of Earnings?” with publication date: July 20, 2017 was also an interesting one.
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