Appleton Partners Incma Lowers stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Appleton Partners Incma reduced its stake in PNC Financial Services Group Inc by 70.18% during the most recent quarter end. The investment management company now holds a total of 19,123 shares of PNC Financial Services Group Inc which is valued at $1,684,545 after selling 45,007 shares in PNC Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.PNC Financial Services Group Inc makes up approximately 0.33% of Appleton Partners Incma’s portfolio.

PNC Financial Services Group Inc opened for trading at $88.74 and hit $89.77 on the upside on Wednesday, eventually ending the session at $88.99, with a gain of 0.12% or 0.11 points. The heightened volatility saw the trading volume jump to 20,54,734 shares. Company has a market cap of $44,593 M.

Other Hedge Funds, Including , Northwest Investment Counselors reduced its stake in PNC by selling 35 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 2,587 shares of PNC which is valued at $227,889. PNC Financial Services Group Inc makes up approx 0.13% of Northwest Investment Counselors’s portfolio. Leavell Investment Management sold out all of its stake in PNC during the most recent quarter. The investment firm sold 5,821 shares of PNC which is valued $512,772.Benin Management Corp reduced its stake in PNC by selling 975 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 85,273 shares of PNC which is valued at $7,511,699. PNC Financial Services Group Inc makes up approx 3.97% of Benin Management Corp’s portfolio.Breton Hill Capital Ltd. boosted its stake in PNC in the latest quarter, The investment management firm added 408 additional shares and now holds a total of 8,872 shares of PNC Financial Services Group Inc which is valued at $746,668. PNC Financial Services Group Inc makes up approx 0.27% of Breton Hill Capital Ltd.’s portfolio.Capstone Asset Management Co boosted its stake in PNC in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 43,478 shares of PNC Financial Services Group Inc which is valued at $3,659,108. PNC Financial Services Group Inc makes up approx 0.10% of Capstone Asset Management Co’s portfolio.

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. 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.

Leave a Reply

PNC Financial Services Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on PNC Financial Services Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.