The Manufacturers Life Insurance Company has sold 178,943 shares of
Huntington Bancshares Incorporated. Huntington has decreased its prime rate to 8 percent. Investors have gained 3.3% in the last week, despite declining earnings. Over 80% ownership by institutional investors signifies a strong conviction among major stakeholders.
CFRA stated that there is less need for new capital for the company. A dividend has been declared on its Series I Preferred Stock.
Toronto Dominion Bank sold Huntington shares. Q2 earning and revenues have managed to beat estimates.
Point72 Asset Management L.P. has increased its position in the company. However, institutional owners seem to ignore the recent $1.5b market cap decline as longer-term profits stay in the green.
Interval Partners LP bought 780,674 shares of the company.
Point72 DIFC Ltd has established a new position in the company. There has been a strategic SWOT analysis of Huntington with their stock price outperforming the Dow. Huntington has indicated strong loan quality and managed to meet the technical benchmark of rating 80-plus on Relative Strength Index.
Huntington Bancshares HBAN News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sun, 29 Sep 2024 14:20:10 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor -1
