Live Your Vision Exits Position in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Live Your Vision 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 Apr 11, 2016 with the SEC. The investment management company has sold out 2,166 shares of PNC Financial Services Group Inc which is valued at $182,291.

PNC Financial Services Group Inc closed down -0.53 points or -0.63% at $84.16 with 20,52,238 shares getting traded on Friday. Post opening the session at $84.59, the shares hit an intraday low of $83.66 and an intraday high of $85.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in PNC in the latest quarter, The investment management firm added 13,004 additional shares and now holds a total of 116,618 shares of PNC Financial Services Group Inc which is valued at $9,814,571. PNC Financial Services Group Inc makes up approx 0.22% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Eagle Asset Management Inc reduced its stake in PNC by selling 17,103 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 413,867 shares of PNC which is valued at $33,903,985. PNC Financial Services Group Inc makes up approx 0.24% of Eagle Asset Management Inc’s portfolio. Fruth Investment Management sold out all of its stake in PNC during the most recent quarter. The investment firm sold 2,246 shares of PNC which is valued $183,992.First Financial Bank N.a. – Trust Division boosted its stake in PNC in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 4,750 shares of PNC Financial Services Group Inc which is valued at $389,120. PNC Financial Services Group Inc makes up approx 0.08% of First Financial Bank N.a. – Trust Division’s portfolio.First American Bank reduced its stake in PNC by selling 19,358 shares or 14.61% in the most recent quarter. The Hedge Fund company now holds 113,160 shares of PNC which is valued at $9,270,067. PNC Financial Services Group Inc makes up approx 0.97% of First American Bank’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.

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