Verity Asset Management Boosted Its Citigroup Com New (C) Stake; Wealthfront Has Cut Huntington Bancshares Com (HBAN) Position by $766,780; Share Value Rose

April 23, 2018 - By Linda Rogers

Huntington Bancshares Incorporated (NASDAQ:HBAN) Logo

Wealthfront Inc decreased its stake in Huntington Bancshares Inc Com (HBAN) by 36.81% based on its latest 2017Q4 regulatory filing with the SEC. Wealthfront Inc sold 54,770 shares as the company’s stock rose 1.01% while stock markets declined. The institutional investor held 94,038 shares of the major banks company at the end of 2017Q4, valued at $1.37M, down from 148,808 at the end of the previous reported quarter. Wealthfront Inc who had been investing in Huntington Bancshares Inc Com for a number of months, seems to be less bullish one the $16.40 billion market cap company. The stock increased 0.88% or $0.13 during the last trading session, reaching $14.88. About 2.59 million shares traded. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 14.67% since April 23, 2017 and is uptrending. It has outperformed by 3.12% the S&P500.

Verity Asset Management Inc increased its stake in Citigroup Inc Com New (C) by 42.22% based on its latest 2017Q4 regulatory filing with the SEC. Verity Asset Management Inc bought 7,183 shares as the company’s stock declined 9.55% with the market. The institutional investor held 24,195 shares of the major banks company at the end of 2017Q4, valued at $1.90M, up from 17,012 at the end of the previous reported quarter. Verity Asset Management Inc who had been investing in Citigroup Inc Com New for a number of months, seems to be bullish on the $178.23B market cap company. The stock decreased 0.56% or $0.39 during the last trading session, reaching $69.61. About 3.11 million shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 23, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Citigroup Inc. (NYSE:C) on Sunday, April 15 with “Hold” rating. The firm earned “Outperform” rating on Tuesday, January 19 by RBC Capital Markets. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Tuesday, January 16 by Keefe Bruyette & Woods. On Friday, October 16 the stock rating was maintained by Oppenheimer with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 13. The firm has “Buy” rating by Nomura given on Friday, October 13. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Buy”. The firm has “Buy” rating by Nomura given on Wednesday, September 7. The stock of Citigroup Inc. (NYSE:C) earned “Buy” rating by Citigroup on Friday, December 11. The company was downgraded on Wednesday, January 17 by Wood.

Verity Asset Management Inc, which manages about $409.92 million and $132.76 million US Long portfolio, decreased its stake in Vanguard Intl Equity Index Fds Msci Pac Etf (VPL) by 10,180 shares to 38,099 shares, valued at $2.91M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Intl Equity Index Fds Msci Europe Etf (VGK) by 10,214 shares in the quarter, leaving it with 80,950 shares, and cut its stake in Ishares Core Us Aggregate Bond Etf (AGG).

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.28, from 1.35 in 2017Q3. It worsened, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Orbis Invest Management (Us) Ltd Com owns 22,366 shares for 1.13% of their portfolio. Putnam Investments Ltd Company stated it has 9.11 million shares. Franklin accumulated 24.62M shares or 0.88% of the stock. Oklahoma-based Tru Of Oklahoma has invested 1.12% in Citigroup Inc. (NYSE:C). Td Mngmt Ltd Limited Liability Company stated it has 0% in Citigroup Inc. (NYSE:C). Osborne Ptnrs Management Ltd Liability Company invested in 0.15% or 15,181 shares. Cibc Bank Usa holds 0.3% in Citigroup Inc. (NYSE:C) or 31,586 shares. Crystal Rock Capital Management has invested 6.04% of its portfolio in Citigroup Inc. (NYSE:C). Portland Inv Counsel stated it has 11,112 shares or 0.78% of all its holdings. Carlson Cap LP has 0.61% invested in Citigroup Inc. (NYSE:C) for 485,039 shares. Mutual Insur Federation Of Agricultural Cooperatives has 0.06% invested in Citigroup Inc. (NYSE:C). Redwood Mgmt Limited Liability invested in 4.73% or 770,000 shares. Kansas-based Mariner Wealth Advisors Limited Liability Company has invested 0.09% in Citigroup Inc. (NYSE:C). Provise Mngmt Group Limited Liability holds 33,417 shares. Three Corner Lp reported 391,400 shares.

Since February 27, 2018, it had 0 buys, and 6 selling transactions for $4.97 million activity. The insider MURRAY JOSEPH MICHAEL sold $263,126. Forese James A. sold $500,666 worth of stock or 6,466 shares. $536,410 worth of Citigroup Inc. (NYSE:C) was sold by Callahan Don on Wednesday, February 28. Hu W. Bradford sold $611,804 worth of stock. Fraser Jane Nind sold $2.51 million worth of stock or 32,400 shares.

Wealthfront Inc, which manages about $1.70 billion and $8.87 billion US Long portfolio, upped its stake in Vanguard Index Fds Total Stk Mkt (VTI) by 915,384 shares to 8.10 million shares, valued at $1.11 billion in 2017Q4, according to the filing. It also increased its holding in Johnson & Johnson Com (NYSE:JNJ) by 8,678 shares in the quarter, for a total of 101,562 shares, and has risen its stake in Snap Inc Cl A.

Analysts await Huntington Bancshares Incorporated (NASDAQ:HBAN) to report earnings on April, 24 before the open. They expect $0.28 EPS, up 33.33% or $0.07 from last year’s $0.21 per share. HBAN’s profit will be $308.66M for 13.29 P/E if the $0.28 EPS becomes a reality. After $0.26 actual EPS reported by Huntington Bancshares Incorporated for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Among 31 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 17 have Buy rating, 0 Sell and 14 Hold. Therefore 55% are positive. Huntington Bancshares Incorporated had 90 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Neutral” rating by Robert W. Baird on Thursday, May 26. BMO Capital Markets upgraded it to “Outperform” rating and $16 target in Tuesday, December 20 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. The company was upgraded on Monday, April 3 by Jefferies. Hilliard Lyons upgraded Huntington Bancshares Incorporated (NASDAQ:HBAN) on Friday, February 9 to “Buy” rating. The firm has “Buy” rating by Jefferies given on Wednesday, September 13. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, December 13. The stock has “Buy” rating by Guggenheim on Friday, August 28. As per Friday, August 11, the company rating was upgraded by PiperJaffray. The stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) earned “Outperform” rating by Wedbush on Wednesday, November 30.

Huntington Bancshares Incorporated (NASDAQ:HBAN) Institutional Positions Chart

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