Quantbot Technologies Lp buys $7,091,530 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Quantbot Technologies Lp scooped up 59,245 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 2, 2016. The investment management firm now holds a total of 84,574 shares of PNC Financial Services Group Inc which is valued at $7,091,530.PNC Financial Services Group Inc makes up approximately 0.73% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , Welch Forbes reduced its stake in PNC by selling 100 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 9,047 shares of PNC which is valued at $758,591. PNC Financial Services Group Inc makes up approx 0.02% of Welch Forbes’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PNC by selling 140,933 shares or 16.61% in the most recent quarter. The Hedge Fund company now holds 707,802 shares of PNC which is valued at $58,499,835. PNC Financial Services Group Inc makes up approx 0.47% of Public Employees Retirement Association Of Colorado’s portfolio.Gulf International Bank (uk) Ltd reduced its stake in PNC by selling 2,250 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 152,460 shares of PNC which is valued at $12,516,966. PNC Financial Services Group Inc makes up approx 0.20% of Gulf International Bank (uk) Ltd’s portfolio.

PNC Financial Services Group Inc opened for trading at $86.36 and hit $86.97 on the upside on Monday, eventually ending the session at $86.49, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 25,11,652 shares. Company has a market cap of $42,502 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.

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