Are Huntington Bancshares’ Huge Investors Worried About the Technical Picture?

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This year, Huntington Bancshares Inc.’s (NASDAQ:HBAN) shares are up 8.34 percent. On Monday, FBR Capital Markets downgraded the company’s stock to “Underperform” from “Market perform,” after it closed last Friday below its 10 and 20-week moving averages; this hasn’t happened since since Nov. 25, 2011.

With the stock’s downgrade, will its largest shareholders decrease their positions? 413 institutional firms indicated owning shares of Huntington Bancshares Inc. (NASDAQ:HBAN) in Q1 2012. These firms reported owning a total of 522.122 million shares on 03/31/2012. The shares closed at $6.45 on 03/31/2012.

Here are the ten largest positions in Huntington Bancshares Inc. at the end of March 31st, 2012.

Vanguard Group Inc held 49,541,873 shares on 03/31/2012 worth $319,545,071. This brought the portfolio total to 0.04%.

State Street Corp held 41,159,281 shares on 03/31/2012 worth $265,477,355. This brought the portfolio total to 0.04%.

Lsv Asset Management held 26,851,109 shares on 03/31/2012 worth $173,189,648. This brought the portfolio total to 0.49%.

Blackrock Institutional Trust Company N.A. held 24,025,456 shares on 03/31/2012 worth $154,964,187. This brought the portfolio total to 0.04%.

Aronson & Johnson & Ortiz LP held 23,646,700 shares on 03/31/2012 worth $152,521,210. This brought the portfolio total to 0.75%.

Marathon Asset Management LLP held 15,138,781 shares on 03/31/2012 worth $97,645,135. This brought the portfolio total to 1.06%.

JPMorgan Chase & Co held 14,927,694 shares on 03/31/2012 worth $96,283,623. This brought the portfolio total to 0.04%.

Tiaa Cref Investment Management LLC held 14,600,229 shares on 03/31/2012 worth $94,171,474. This brought the portfolio total to 0.08%.

Wellington Management Co LLP held 14,585,934 shares on 03/31/2012 worth $94,079,272. This brought the portfolio total to 0.03%.

Huntington National Bank held 13,635,509 shares on 03/31/2012 worth $87,949,030. This brought the portfolio total to 2.2%.

About the company: Huntington Bancshares Incorporated is a multi-state bank holding company. The Company’s subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.

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