Huntington Bancshares Incorporated (HBAN) : Levin Capital Strategies added new position in Huntington Bancshares Incorporated during the most recent quarter end. The investment management firm now holds 9,668,261 shares of Huntington Bancshares Incorporated which is valued at $115,632,402 , the company said in a statement filed on Nov 14, 2016 with the SEC.Huntington Bancshares Incorporated makes up approximately 2.00% of Levin Capital Strategies’s portfolio.
Other Hedge Funds, Including , Balyasny Asset Management boosted its stake in HBAN in the latest quarter, The investment management firm added 973,857 additional shares and now holds a total of 987,025 shares of Huntington Bancshares Incorporated which is valued at $11,804,819. Huntington Bancshares Incorporated makes up approx 0.07% of Balyasny Asset Management’s portfolio.Carret Asset Management reduced its stake in HBAN by selling 2 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 39,245 shares of HBAN which is valued at $455,242. Huntington Bancshares Incorporated makes up approx 0.09% of Carret Asset Management’s portfolio. Grantham Mayo Van Otterloo sold out all of its stake in HBAN during the most recent quarter. The investment firm sold 12,590 shares of HBAN which is valued $146,044.Bessemer Group Inc reduced its stake in HBAN by selling 1 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 405 shares of HBAN which is valued at $4,698.Ls Investment Advisors reduced its stake in HBAN by selling 15,037 shares or 24.36% in the most recent quarter. The Hedge Fund company now holds 46,699 shares of HBAN which is valued at $488,005. Huntington Bancshares Incorporated makes up approx 0.04% of Ls Investment Advisors’s portfolio.
Huntington Bancshares Incorporated opened for trading at $12.3 and hit $12.54 on the upside on Monday, eventually ending the session at $12.5, with a gain of 2.21% or 0.27 points. The heightened volatility saw the trading volume jump to 1,95,30,207 shares. Company has a market cap of $13,560 M.
On the company’s financial health, Huntington Bancshares Incorporated reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.21.Analysts expectations of $ 834.33.During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Huntington Bancshares Incorporated. Company shares were Reiterated by Wedbush on Oct 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 13 from a previous price target of $12 .Huntington Bancshares Incorporated was Downgraded by FBR & Co. to ” Mkt Perform” on Oct 11, 2016. Wedbush Initiated Huntington Bancshares Incorporated on Oct 7, 2016 to “Outperform”, Price Target of the shares are set at $12.
Huntington Bancshares Incorporated (Huntington) is a diversified regional bank holding company. The Company operates through its subsidiary The Huntington National Bank (the Bank). It provides commercial small business consumer and mortgage banking services automobile financing equipment leasing investment management trust services brokerage services insurance programs and other financial products and services. It operates in five segments: Retail and Business Banking Commercial Banking Automobile Finance and Commercial Real Estate Regional Banking and The Huntington Private Client Group and Home Lending. Its loan portfolio includes commercial and industrial commercial real estate construction CRE automobile home equity residential mortgage and consumer loans/leases. The Bank has approximately 14 private client group offices and 715 branches including 404 in Ohio 43 in Indiana 179 in Michigan 31 in West Virginia 48 in Pennsylvania and 10 in Kentucky.