Anchor Capital Advisors LLC Raised Its Huntington Bancshares INC (HBAN) Stake by $11.87 Million

November 14, 2017 - By Peter Erickson

Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.06, from 1.05 in 2017Q1. It dived, as 43 investors sold HBAN 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. Huntington Bancorporation has 3.51 million shares for 0.83% of their portfolio. First Quadrant Limited Partnership Ca holds 0.06% or 217,458 shares in its portfolio. Wisconsin-based State Of Wisconsin Inv Board has invested 0.14% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Raymond James Associates holds 0.05% in Huntington Bancshares Incorporated (NASDAQ:HBAN) or 1.56M shares. American Research & Management Co stated it has 6,831 shares or 0.03% of all its holdings. Cadence Capital Mgmt has 0.12% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN). Neuberger Berman Grp Inc Ltd Llc holds 0.04% or 2.55 million shares. Citigroup Inc has invested 0.02% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Qs Invsts Lc holds 363,772 shares. Apg Asset Management Nv owns 185,500 shares for 0% of their portfolio. Moreover, Oppenheimer Asset Management has 0% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN). National Bank & Trust Of Nova Scotia holds 245,421 shares. Utah Retirement Sys has invested 0.06% of its portfolio in Huntington Bancshares Incorporated (NASDAQ:HBAN). Glg Ltd Liability Com owns 58,634 shares. 1,230 are owned by Smithfield Trust.

Kevin Michael Ulrich increased its stake in Huntington Bancshares Inc (HBAN) by 40.48% based on its latest 2017Q2 regulatory filing with the SEC. Anchor Capital Advisors Llc bought 913,413 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund run by Kevin Michael Ulrich held 3.17M shares of the major banks company at the end of 2017Q2, valued at $42.86 million, up from 2.26 million at the end of the previous reported quarter. Anchor Capital Advisors Llc who had been investing in Huntington Bancshares Inc for a number of months, seems to be bullish on the $14.71B market cap company. The stock increased 1.87% or $0.25 during the last trading session, reaching $13.61. About 11.46M shares traded or 47.30% up from the average. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 22.99% since November 14, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

Anchor Capital Advisors Llc, which manages about $8.51 billion and $2.74B US Long portfolio, decreased its stake in Varian Med Sys Inc (NYSE:VAR) by 432,156 shares to 3,411 shares, valued at $352,000 in 2017Q2, according to the filing. It also reduced its holding in Unilever N V (NYSE:UN) by 118,375 shares in the quarter, leaving it with 536,168 shares, and cut its stake in Nisource Inc (NYSE:NI).

More important recent Huntington Bancshares Incorporated (NASDAQ:HBAN) news were published by: Prnewswire.com which released: “Huntington Bancshares Incorporated Reports 2017 Third Quarter Earnings” on October 25, 2017, also Finance.Yahoo.com published article titled: “Should You Buy Huntington Bancshares (HBAN) Ahead of Earnings?”, Prnewswire.com published: “Huntington Bancshares Releases Results Of 2017 Dodd-Frank Act Mid-Cycle …” on November 03, 2017. More interesting news about Huntington Bancshares Incorporated (NASDAQ:HBAN) was released by: Prnewswire.com and their article: “Huntington Bancshares Incorporated Announces 38% Increase In Quarterly Cash …” with publication date: October 20, 2017.

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 firm has “Outperform” rating given on Friday, October 7 by Wedbush. The firm has “Outperform” rating given on Thursday, October 27 by Wedbush. Keefe Bruyette & Woods maintained Huntington Bancshares Incorporated (NASDAQ:HBAN) on Thursday, June 22 with “Hold” rating. Jefferies maintained the shares of HBAN in report on Friday, October 20 with “Buy” rating. Robert W. Baird upgraded it to “Outperform” rating and $12 target in Wednesday, January 27 report. As per Tuesday, November 22, the company rating was upgraded by Macquarie Research. The rating was upgraded by Deutsche Bank on Wednesday, September 28 to “Buy”. FBR Capital downgraded the stock to “Mkt Perform” rating in Tuesday, October 11 report. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) has “Neutral” rating given on Thursday, August 20 by Sterne Agee CRT. Keefe Bruyette & Woods maintained it with “Hold” rating and $14.2500 target in Friday, August 11 report.

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