PNC Financial Services Group Inc (NYSE:PNC): Institutional Investor Sentiment Up to 0.99

September 30, 2018 - By Kristin Houston

The PNC Financial Services Group, Inc. (NYSE:PNC) Logo

Sentiment for PNC Financial Services Group Inc (NYSE:PNC)

PNC Financial Services Group Inc (NYSE:PNC) institutional sentiment increased to 0.99 in Q2 2018. Its up 0.27, from 0.72 in 2018Q1. The ratio is better, as 393 hedge funds increased or started new stock positions, while 396 decreased and sold their positions in PNC Financial Services Group Inc. The hedge funds in our partner’s database now have: 363.79 million shares, down from 373.26 million shares in 2018Q1. Also, the number of hedge funds holding PNC Financial Services Group Inc in their top 10 stock positions decreased from 42 to 19 for a decrease of 23. Sold All: 45 Reduced: 351 Increased: 302 New Position: 91.

The PNC Financial Services Group, Inc. operates as a diversified financial services firm in the United States and internationally. The company has market cap of $63.23 billion. The companyÂ’s Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business clients through branch network, ATMs, call centers, online banking, and mobile channels. It has a 11.85 P/E ratio. As of December 31, 2016, this segment operated a network of 2,520 branches and 9,024 ATMs.

The stock decreased 0.84% or $1.15 during the last trading session, reaching $136.19. About 2.26 million shares traded or 14.13% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 11.76% since September 30, 2017 and is uptrending. It has underperformed by 3.86% the S&P500.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on October, 12. They expect $2.73 EPS, up 26.39 % or $0.57 from last year’s $2.16 per share. PNC’s profit will be $1.27B for 12.47 P/E if the $2.73 EPS becomes a reality. After $2.72 actual EPS reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 0.37 % EPS growth.

Provident Trust Co holds 6.65% of its portfolio in The PNC Financial Services Group, Inc. for 1.33 million shares. Solaris Asset Management Llc owns 6,375 shares or 6.57% of their US portfolio. Moreover, Orrstown Financial Services Inc has 3.64% invested in the company for 21,648 shares. The Texas-based Crossvault Capital Management Llc has invested 3.61% in the stock. Atwood & Palmer Inc, a Missouri-based fund reported 186,852 shares.

Since January 1, 0001, it had 1 buy, and 4 insider sales for $8.20 million activity.

The PNC Financial Services Group, Inc. (NYSE:PNC) Ratings Coverage

Ratings analysis reveals 67% of PNC Financial’s analysts are positive. Out of 9 Wall Street analysts rating PNC Financial, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $14700 while the high is $17000. The stock’s average target of $162 is 18.95% above today’s ($136.19) share price. PNC was included in 9 notes of analysts from April 4, 2018. The firm has “Buy” rating given on Sunday, April 15 by Piper Jaffray. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, May 30. On Sunday, April 15 the stock rating was maintained by Jefferies with “Hold”. The firm has “Buy” rating by Sandler O’Neill given on Friday, April 13. Bank of America maintained the shares of PNC in report on Friday, May 4 with “Buy” rating. The firm earned “Hold” rating on Tuesday, April 10 by Susquehanna. The rating was maintained by BMO Capital Markets on Friday, April 13 with “Buy”. The firm earned “Hold” rating on Wednesday, April 4 by Keefe Bruyette & Woods. As per Friday, April 6, the company rating was upgraded by Vining Sparks.

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Bizjournals.com which released: “PNC opts for Ripple effect” on September 21, 2018, also Bizjournals.com with their article: “PNC moving 500 to downtown Cleveland” published on September 28, 2018, Bizjournals.com published: “PNC changes prime lending rate” on September 27, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Bizjournals.com and their article: “PNC Foundation giving $500000 toward Hurricane Florence relief efforts” published on September 20, 2018 as well as Investorplace.com‘s news article titled: “5 Dividend Stocks to Buy for Growth as the Fed Raises Rates” with publication date: September 27, 2018.

The PNC Financial Services Group, Inc. (NYSE:PNC) Institutional Positions Chart

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