Guyasuta Investment Advisors Inc buys $18,054,255 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Guyasuta Investment Advisors Inc scooped up 10,359 additional shares in PNC Financial Services Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 212,403 shares of PNC Financial Services Group Inc which is valued at $18,054,255.PNC Financial Services Group Inc makes up approximately 2.34% of Guyasuta Investment Advisors Inc’s portfolio.

Other Hedge Funds, Including , Hbk Sorce Advisory reduced its stake in PNC by selling 32 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 17,455 shares of PNC which is valued at $1,483,675. PNC Financial Services Group Inc makes up approx 0.30% of Hbk Sorce Advisory’s portfolio.Wetherby Asset Management Inc reduced its stake in PNC by selling 108 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 9,625 shares of PNC which is valued at $818,125. PNC Financial Services Group Inc makes up approx 0.17% of Wetherby Asset Management Inc’s portfolio. Connable Office Inc sold out all of its stake in PNC during the most recent quarter. The investment firm sold 22,192 shares of PNC which is valued $1,918,276.Northpointe Capital reduced its stake in PNC by selling 23,352 shares or 44.52% in the most recent quarter. The Hedge Fund company now holds 29,098 shares of PNC which is valued at $2,404,077. PNC Financial Services Group Inc makes up approx 0.27% of Northpointe Capital’s portfolio. Rehmann Capital Advisory Group sold out all of its stake in PNC during the most recent quarter. The investment firm sold 2,395 shares of PNC which is valued $197,875.

PNC Financial Services Group Inc opened for trading at $86.78 and hit $88.18 on the upside on Monday, eventually ending the session at $87.92, with a gain of 1.42% or 1.23 points. The heightened volatility saw the trading volume jump to 30,48,533 shares. Company has a market cap of $43,205 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 .

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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