National Pension Service buys $30,222,284 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : National Pension Service scooped up 27,338 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 Oct 14, 2016. The investment management firm now holds a total of 343,318 shares of PNC Financial Services Group Inc which is valued at $30,222,284.PNC Financial Services Group Inc makes up approximately 0.25% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Sarasin Partners Llp reduced its stake in PNC by selling 57 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 100,243 shares of PNC which is valued at $8,824,391. PNC Financial Services Group Inc makes up approx 0.14% of Sarasin Partners Llp’s portfolio. Carl Domino Inc added PNC to its portfolio by purchasing 2,392 company shares during the most recent quarter which is valued at $216,500. PNC Financial Services Group Inc makes up approx 0.21% of Carl Domino Inc’s portfolio. Fruth Investment Management added PNC to its portfolio by purchasing 2,246 company shares during the most recent quarter which is valued at $203,285. PNC Financial Services Group Inc makes up approx 0.10% of Fruth Investment Management’s portfolio.Perkins Coie Trust Co boosted its stake in PNC in the latest quarter, The investment management firm added 1,211 additional shares and now holds a total of 23,307 shares of PNC Financial Services Group Inc which is valued at $2,137,019. PNC Financial Services Group Inc makes up approx 1.36% of Perkins Coie Trust Co’s portfolio.Catawba Capital Management Va reduced its stake in PNC by selling 2,400 shares or 10.98% in the most recent quarter. The Hedge Fund company now holds 19,456 shares of PNC which is valued at $1,778,668. PNC Financial Services Group Inc makes up approx 0.43% of Catawba Capital Management Va’s portfolio.

PNC Financial Services Group Inc opened for trading at $89.59 and hit $90.09 on the upside on Friday, eventually ending the session at $88.03, with a gain of 0.10% or 0.09 points. The heightened volatility saw the trading volume jump to 45,86,379 shares. Company has a market cap of $43,259 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.78. The company had revenue of $3829.00 million for the quarter, compared to analysts expectations of $3805.06 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. PNC Financial Services Group Inc was Downgraded by Nomura to ” Neutral” on Oct 10, 2016. PNC Financial Services Group Inc was Resumed by Keefe Bruyette to “Outperform” on Aug 31, 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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