Mader Shannon Wealth Management Exits Position in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Mader Shannon Wealth Management has sold out all of its stake in PNC Financial Services Group Inc during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 43,828 shares of PNC Financial Services Group Inc which is valued at $3.7 Million.

Other Hedge Funds, Including , Brookmont Capital Management reduced its stake in PNC by selling 39,829 shares or 42.14% in the most recent quarter. The Hedge Fund company now holds 54,676 shares of PNC which is valued at $4.6 Million. PNC Financial Services Group Inc makes up approx 1.50% of Brookmont Capital Management’s portfolio.Mark Sheptoff Financial Planning reduced its stake in PNC by selling 140 shares or 24.18% in the most recent quarter. The Hedge Fund company now holds 439 shares of PNC which is valued at $37,201. PNC Financial Services Group Inc makes up approx 0.03% of Mark Sheptoff Financial Planning’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in PNC in the latest quarter, The investment management firm added 4,008 additional shares and now holds a total of 37,186 shares of PNC Financial Services Group Inc which is valued at $3.2 Million. PNC Financial Services Group Inc makes up approx 0.07% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.River Wealth Advisors boosted its stake in PNC in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 15,120 shares of PNC Financial Services Group Inc which is valued at $1.3 Million. PNC Financial Services Group Inc makes up approx 0.79% of River Wealth Advisors’s portfolio.Security National Trust Co reduced its stake in PNC by selling 100 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 4,688 shares of PNC which is valued at $411,513. PNC Financial Services Group Inc makes up approx 0.15% of Security National Trust Co’s portfolio.

PNC Financial Services Group Inc opened for trading at $88.33 and hit $88.92 on the upside on Friday, eventually ending the session at $88.19, with a gain of 0.35% or 0.31 points. The heightened volatility saw the trading volume jump to 16,10,629 shares. Company has a market cap of $44,035 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $1.70. The company had revenue of $3665.00 million for the quarter, compared to analysts expectations of $3758.25 million. The company’s revenue was down -1.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.75 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. PNC Financial Services Group Inc was Downgraded by Raymond James to ” Underperform” on May 9, 2016. Shares were Reiterated by Compass Point on Apr 15, 2016 to “Neutral” and Lowered the Price Target to $ 93 from a previous price target of $99 .PNC Financial Services Group Inc was Downgraded by Atlantic Equities to ” Neutral” on Mar 14, 2016.

The PNC Financial Services Group Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking corporate and institutional banking asset management and residential mortgage banking as well as other products and services in its primary geographic markets located in Pennsylvania Ohio New Jersey Michigan Illinois Maryland Indiana North Carolina Florida Kentucky Washington D.C. Delaware Virginia Alabama Missouri Georgia Wisconsin and South Carolina. The Company operates through six segments: Retail Banking Corporate & Institutional Banking Asset Management Group Residential Mortgage Banking BlackRock and Non-Strategic Assets Portfolio.

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