Today’s Ownership Action: PNC Financial Services Group Inc (NYSE:PNC) Institutional Investor Sentiment Analysis

November 24, 2016 - By Richard Conner   ·   0 Comments

Today's Ownership Action: PNC Financial Services Group Inc (NYSE:PNC) Institutional Investor Sentiment Analysis

Sentiment for PNC Financial Services Group Inc (NYSE:PNC)

PNC Financial Services Group Inc (NYSE:PNC) institutional sentiment increased to 0.98 in Q2 2016. Its up 0.09, from 0.89 in 2016Q1. The ratio is better, as 351 investment managers increased and opened new holdings, while 396 cut down and sold stock positions in PNC Financial Services Group Inc. The investment managers in our partner’s database now possess: 388.74 million shares, down from 391.90 million shares in 2016Q1. Also, the number of investment managers holding PNC Financial Services Group Inc in their top 10 holdings decreased from 17 to 13 for a decrease of 4. Sold All: 59 Reduced: 337 Increased: 299 New Position: 52.

The PNC Financial Services Group, Inc. is a diversified financial services firm in the United States. The company has a market cap of $54.26 billion. The Firm operates through six divisions: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio. It has a 15.32 P/E ratio. Retail Banking provides deposit, lending, brokerage, investment management and cash management services.

The stock increased 0.34% or $0.38 on November 23, hitting $111.14. PNC Financial Services Group Inc (NYSE:PNC) has risen 26.17% since April 22, 2016 and is uptrending. It has outperformed by 20.76% the S&P500.

Analysts await PNC Financial Services Group Inc (NYSE:PNC) to report earnings on January, 13 before the open. They expect $1.83 EPS, down 2.14% or $0.04 from last year’s $1.87 per share. PNC’s profit will be $893.43M for 15.18 P/E if the $1.83 EPS becomes a reality. After $1.84 actual EPS reported by PNC Financial Services Group Inc for the previous quarter, Wall Street now forecasts -0.54% negative EPS growth.

According to Zacks Investment Research, “The PNC Financial Services Group, Inc. is one of the nation’s largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. (Company Press Release)”

Provident Trust Co holds 6.17% of its portfolio in PNC Financial Services Group Inc for 1.38 million shares. Benin Management Corp owns 85,723 shares or 3.61% of their US portfolio. Moreover, Equity Investment Corp Ga has 3.43% invested in the company for 1.35 million shares. The Georgia-based Cornerstone Investment Partners Llc has invested 3.28% in the stock. Csu Producer Resources Inc., a Ohio-based fund reported 6,000 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 8 selling transactions for $37.52 million net activity.

PNC Financial Services Group Inc (NYSE:PNC) Ratings Coverage

Ratings analysis reveals 28% of PNC Financial Services’s analysts are positive. Out of 18 Wall Street analysts rating PNC Financial Services, 5 give it “Buy”, 1 “Sell” rating, while 12 recommend “Hold”. The lowest target is $86 while the high is $107. The stock’s average target of $97.54 is -12.24% below today’s ($111.14) share price. PNC was included in 37 notes of analysts from August 6, 2015. The firm earned “Neutral” rating on Friday, October 2 by Hilliard Lyons. As per Tuesday, August 11, the company rating was downgraded by Wood. KBW upgraded the stock to “Market Perform” rating in Wednesday, September 2 report. The company was downgraded on Monday, May 9 by Raymond James. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Buy” rating by Deutsche Bank on Tuesday, September 8. Bruyette & Woods” downgraded PNC Financial Services Group Inc (NYSE:PNC) on Tuesday, August 11 to “Underperform” rating. As per Monday, April 25, the company rating was maintained by Nomura. The company was upgraded on Thursday, October 6 by Raymond James. The rating was initiated by Keefe Bruyette & Woods on Wednesday, August 31 with “Outperform”. Nomura downgraded PNC Financial Services Group Inc (NYSE:PNC) on Monday, October 10 to “Neutral” rating.

PNC Company Profile

The PNC Financial Services Group, Inc. (PNC), incorporated on January 19, 1983, is a diversified financial services firm in the United States. The Firm has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing its services and products nationally, as well as other services and products in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. It also provides various services and products internationally. The Firm operates through six divisions: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

Another recent and important PNC Financial Services Group Inc (NYSE:PNC) news was published by Prnewswire.com which published an article titled: “PNC Chief Executive to Speak at Goldman Sachs Investor Conference” on November 16, 2016.

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By Richard Conner


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