Delta Capital Management Lowers stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Delta Capital Management reduced its stake in PNC Financial Services Group Inc by 11.73% during the most recent quarter end. The investment management company now holds a total of 32,838 shares of PNC Financial Services Group Inc which is valued at $2,753,466 after selling 4,363 shares in PNC Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.PNC Financial Services Group Inc makes up approximately 2.06% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , Wheatland Advisors Inc boosted its stake in PNC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 9,362 shares of PNC Financial Services Group Inc which is valued at $785,004. PNC Financial Services Group Inc makes up approx 0.41% of Wheatland Advisors Inc’s portfolio.First American Bank reduced its stake in PNC by selling 15,922 shares or 14.07% in the most recent quarter. The Hedge Fund company now holds 97,238 shares of PNC which is valued at $8,054,224. PNC Financial Services Group Inc makes up approx 0.79% of First American Bank’s portfolio.Acadian Asset Management reduced its stake in PNC by selling 1,221 shares or 34.45% in the most recent quarter. The Hedge Fund company now holds 2,323 shares of PNC which is valued at $191,880. Leavell Investment Management added PNC to its portfolio by purchasing 3,300 company shares during the most recent quarter which is valued at $272,580. PNC Financial Services Group Inc makes up approx 0.04% of Leavell Investment Management’s portfolio.Gradient Investments reduced its stake in PNC by selling 240 shares or 22.64% in the most recent quarter. The Hedge Fund company now holds 820 shares of PNC which is valued at $67,314. PNC Financial Services Group Inc makes up approx 0.01% of Gradient Investments’s portfolio.

PNC Financial Services Group Inc opened for trading at $84.06 and hit $84.35 on the upside on Thursday, eventually ending the session at $83.88, with a gain of 0.04% or 0.03 points. The heightened volatility saw the trading volume jump to 26,29,764 shares. Company has a market cap of $41,883 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $1.75. The company had revenue of $3794.00 million for the quarter, compared to analysts expectations of $3826.61 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.88 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. Shares were Upgraded by Nomura on Jul 7, 2016 to ” Buy” and Lowered the Price Target to $ 84 from a previous price target of $95 .PNC Financial Services Group Inc was Downgraded by Raymond James to ” Underperform” on May 9, 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.