Maple Capital Management buys $6,514,740 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Maple Capital Management scooped up 5,460 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 76,644 shares of PNC Financial Services Group Inc which is valued at $6,514,740.PNC Financial Services Group Inc makes up approximately 2.29% of Maple Capital Management’s portfolio.

Other Hedge Funds, Including , White Pine Capital reduced its stake in PNC by selling 165 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 7,500 shares of PNC which is valued at $637,500. PNC Financial Services Group Inc makes up approx 0.26% of White Pine Capital’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in PNC in the latest quarter, The investment management firm added 2,794 additional shares and now holds a total of 39,980 shares of PNC Financial Services Group Inc which is valued at $3,398,300. PNC Financial Services Group Inc makes up approx 0.06% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Wesbanco Bank Inc reduced its stake in PNC by selling 378 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 129,626 shares of PNC which is valued at $11,083,023. PNC Financial Services Group Inc makes up approx 0.64% of Wesbanco Bank Inc’s portfolio.Ls Investment Advisors boosted its stake in PNC in the latest quarter, The investment management firm added 893 additional shares and now holds a total of 17,470 shares of PNC Financial Services Group Inc which is valued at $1,447,040. PNC Financial Services Group Inc makes up approx 0.10% of Ls Investment Advisors’s portfolio.

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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