Pnc Finl Svcs Group INC (PNC) Holder Janney Capital Management LLC Decreased Holding by $6.75 Million

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 0.89 in 2016 Q4. Its down 0.09, from 0.98 in 2016Q3. It fall, as 49 investors sold PNC shares while 372 reduced holdings. 118 funds opened positions while 257 raised stakes. 390.56 million shares or 0.68% more from 387.94 million shares in 2016Q3 were reported. State Of Tennessee Treasury Department accumulated 0.16% or 251,707 shares. Williams Jones & Associates Limited Liability invested 0.2% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Clark Capital Mgmt Gru holds 0.78% or 128,091 shares in its portfolio. The South Carolina-based Colonial Tru Advisors has invested 1.09% in PNC Financial Services Group Inc (NYSE:PNC). Amer Group Inc Inc stated it has 264,706 shares. Ahl Llp reported 0.22% stake. Hbk Sorce Advisory Ltd Com has invested 0.4% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Fort Washington Advsrs Oh invested in 12,244 shares or 0.02% of the stock. Madison reported 250,057 shares. 122,722 were reported by Dalton Greiner Hartman Maher And. Cutler Investment Counsel Ltd Llc holds 3,800 shares or 0.11% of its portfolio. Td Cap Mgmt Limited Co reported 14 shares. Moreover, Grantham Mayo Van Otterloo & Ltd has 0% invested in PNC Financial Services Group Inc (NYSE:PNC). Bollard Group Inc Lc reported 144 shares. Vaughan David Investments Il holds 199,248 shares.

Since January 20, 2017, it had 1 insider buy, and 6 insider sales for $35.94 million activity. $21.03M worth of stock was sold by DEMCHAK WILLIAM S on Tuesday, February 28. $256,790 worth of stock was sold by Larrimer Karen L. on Wednesday, March 8. Shares for $11.54M were sold by Reilly Robert Q on Wednesday, March 1. Another trade for 1,000 shares valued at $122,790 was made by BUNCH CHARLES E on Thursday, February 9. The insider Rockey Joseph E sold $2.04 million. Shares for $116,845 were sold by Van Wyk Steven C. on Friday, January 20. Another trade for 8,500 shares valued at $1.08M was made by Lyons Michael P. on Tuesday, February 28.

Janney Capital Management Llc decreased its stake in Pnc Finl Svcs Group Inc (PNC) by 26.96% based on its latest 2016Q4 regulatory filing with the SEC. Janney Capital Management Llc sold 58,159 shares as the company’s stock declined 6.38% while stock markets rallied. The institutional investor held 157,535 shares of the finance company at the end of 2016Q4, valued at $18.43M, down from 215,694 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be less bullish one the $61.47 billion market cap company. It closed at $127.17 lastly. It is down 35.14% since July 17, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

Janney Capital Management Llc, which manages about $3.30 billion and $2.18B US Long portfolio, upped its stake in Ishares Core S&P (IJR) by 36,462 shares to 75,648 shares, valued at $10.40 million in 2016Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf (SPY) by 218,793 shares in the quarter, for a total of 953,413 shares, and has risen its stake in Spdr Series Trust S&P Dividend (SDY).

Wall Street await PNC Financial Services Group Inc (NYSE:PNC) to release earnings on July, 21. Analysts forecast EPS of $2.01, up exactly $0.19 or 10.44 % from 2014’s $1.82 EPS. The expected PNC’s profit could reach $971.57 million giving the stock 15.82 P/E in the case that $2.01 earnings per share is reported. After posting $1.96 EPS for the previous quarter, PNC Financial Services Group Inc’s analysts now forecast 2.55 % EPS growth.

More notable recent PNC Financial Services Group Inc (NYSE:PNC) news were published by: Prnewswire.com which released: “PNC Reports Second Quarter 2017 Net Income of $1.1 Billion, $2.10 Diluted EPS” on July 14, 2017, also Nasdaq.com with their article: “What to Expect from PNC Financial (PNC) in Q2 Earnings?” published on July 12, 2017, Prnewswire.com published: “PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test” on June 22, 2017. More interesting news about PNC Financial Services Group Inc (NYSE:PNC) were released by: Bizjournals.com and their article: “PNC raises dividend to record 75 cents per share” published on July 06, 2017 as well as Bizjournals.com‘s news article titled: “PNC stress test results top regulators’ minimums” with publication date: June 23, 2017.

PNC Financial Services Group Inc (NYSE:PNC) Ratings Coverage

Among 22 analysts covering PNC Financial Services (NYSE:PNC), 7 have Buy rating, 1 Sell and 14 Hold. Therefore 32% are positive. PNC Financial Services had 50 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of PNC Financial Services Group Inc (NYSE:PNC) has “Mkt Perform” rating given on Wednesday, September 2 by Bruyette & Woods;KBW; KBW”. The rating was initiated by Societe Generale with “Hold” on Tuesday, March 22. The firm has “Hold” rating given on Friday, July 14 by Oppenheimer. The firm has “Buy” rating by BMO Capital Markets given on Friday, July 14. The stock has “Underperform” rating by Raymond James on Monday, May 9. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Market Perform” rating by KBW on Wednesday, September 2. BMO Capital Markets upgraded PNC Financial Services Group Inc (NYSE:PNC) rating on Monday, September 19. BMO Capital Markets has “Outperform” rating and $101 target. The firm has “Hold” rating given on Thursday, June 22 by Keefe Bruyette & Woods. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Wednesday, August 31. The company was maintained on Monday, September 26 by Jefferies.

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