Ameriprise Financial Inc. Reduces Stake in Huntington Bancshares Incorporated (HBAN)
Sep 29, 2017, 00:21
The Manufacturers Life Insurance Company purchased a new position in shares of Huntington Bancshares during the third quarter valued at $125,437,000.
A number of other large investors have also added to or reduced their stakes in the stock. Finally, North Star Asset Management Inc. lifted its stake in Huntington Bancshares by 1.6% during the first quarter. Lincoln National Corp now owns 14,350 shares of the bank's stock worth $194,000 after acquiring an additional 84 shares during the period. Finally, Teachers Advisors LLC increased its position in Huntington Bancshares by 37.1% in the 1st quarter. Nationwide Fund Advisors now owns 1,620,866 shares of the bank's stock worth $21,914,000 after acquiring an additional 1,315,390 shares during the period.
In related news, Director Richard W. Neu bought 2,450 shares of the company's stock in a transaction dated Friday, July 28th. Algebris Investments UK LLP grew its holdings in shares of Huntington Bancshares by 617.8% during the first quarter. Blackrock Incorporated invested in 67.17M shares or 0.05% of the stock. When the indicator stays above zero for a sustained period of time, especially with increasing indicator values, it shows a strong uptrend. Budros Ruhlin & Roe Inc. now owns 42,263 shares of the bank's stock worth $571,000 after buying an additional 15,501 shares in the last quarter. The stock's price to sales ratio for trailing twelve months is 4.62 and price to book ratio for most recent quarter is 1.53, whereas price to cash per share for the most recent quarter is 8.69.
Huntington Bancshares Inc (HBANP) presently has a 14-day Commodity Channel Index (CCI) of 209.80. Huntington Bancshares Incorporated had 59 analyst reports since August 6, 2015 according to SRatingsIntel. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. BMO Capital Markets reiterated a "buy" rating and set a $16.00 price target on shares of Huntington Bancshares in a research note on Friday, June 9th. If you are reading this news story on another domain, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright law.
Huntington Bancshares (NASDAQ:HBAN) traded down 0.731% during mid-day trading on Tuesday, reaching $12.905. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. State Of New Jersey Common Pension Fund D has invested 1.01% in General Electric Company (NYSE:GE). $12.81's average target is -5.88% below currents $13.61 stock price. Vident Advisory Limited Liability Company reported 61,333 shares or 0.2% of all its holdings. For the quarter, shares have been noted at 4.64%. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.07 billion. It has a return on equity (ROE) of 8.20%.
Among 26 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 14 have Buy rating, 0 Sell and 12 Hold. This repurchase authorization allows the bank to reacquire up to 2.2% of its stock through open market purchases. This nets out to an increase of 965073 shares and is a bullish sign for HBAN.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 18th will be given a dividend of $0.08 per share. Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 22.99% since September 28, 2016 and is uptrending. On Monday, July 11 the stock rating was upgraded by FBR Capital to "Outperform". The stock was bought at an average price of $13.10 per share, for a total transaction of $32,095.00. Following the completion of the purchase, the director now owns 184,596 shares in the company, valued at approximately $2,418,207.60. Also, EVP Nicholas G. Stanutz sold 16,000 shares of the business's stock in a transaction on Wednesday, August 23rd. The total value of these holdings, in millions, is $11,086. The company's distance from 52-week high price is -6.28% and current price is 45.12% away from 52-week low price. The disclosure for this sale can be found here.
Huntington Bancshares Inc (HBAN) now has a 14-day Commodity Channel Index (CCI) of 93.50.
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