Janney Montgomery Scott LLC Upped Its Pnc Finl Svcs Group INC (PNC) Stake by $3.67 Million as Share Price Declined

September 16, 2018 - By Catherine Diaz

The PNC Financial Services Group, Inc. (NYSE:PNC) LogoInvestors sentiment increased to 0.99 in Q2 2018. Its up 0.27, from 0.72 in 2018Q1. It improved, as 45 investors sold PNC shares while 351 reduced holdings. 91 funds opened positions while 302 raised stakes. 363.79 million shares or 2.54% less from 373.26 million shares in 2018Q1 were reported. The Georgia-based Acg Wealth has invested 0.74% in The PNC Financial Services Group, Inc. (NYSE:PNC). Ibm Retirement Fund reported 0.25% in The PNC Financial Services Group, Inc. (NYSE:PNC). Motco owns 38,191 shares or 0.53% of their US portfolio. Cap World holds 0.49% or 16.95 million shares in its portfolio. Price T Rowe Associates Md invested 0.36% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Spinnaker has invested 0.03% in The PNC Financial Services Group, Inc. (NYSE:PNC). 375,355 were accumulated by Ontario Teachers Pension Plan Board. Baystate Wealth Mgmt Ltd Liability Corporation owns 955 shares. Ledyard Commercial Bank, New Hampshire-based fund reported 829 shares. Caisse De Depot Et Placement Du Quebec has 107,546 shares for 0.03% of their portfolio. Moreover, Family Firm has 0.1% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). 204,289 are owned by Arizona State Retirement Sys. Prudential holds 0.13% or 619,839 shares in its portfolio. Segment Wealth Mgmt Lc invested 0.05% in The PNC Financial Services Group, Inc. (NYSE:PNC). Synovus Fincl holds 10,145 shares or 0.02% of its portfolio.

Since July 17, 2018, it had 1 insider buy, and 3 selling transactions for $4.73 million activity. Van Wyk Steven C. sold 15,000 shares worth $2.12M. HANNON MICHAEL J had sold 5,247 shares worth $741,844. Shares for $99,505 were bought by Pfinsgraff Martin on Wednesday, July 18.

Janney Montgomery Scott Llc increased its stake in Pnc Finl Svcs Group Inc (PNC) by 17% based on its latest 2018Q2 regulatory filing with the SEC. Janney Montgomery Scott Llc bought 27,210 shares as the company’s stock declined 2.95% while stock markets rallied. The institutional investor held 187,294 shares of the finance company at the end of 2018Q2, valued at $25.30M, up from 160,084 at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be bullish on the $65.19 billion market cap company. The stock increased 0.10% or $0.14 during the last trading session, reaching $140.4. About 1.97 million shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 11.76% since September 16, 2017 and is uptrending. It has underperformed by 3.86% the S&P500.

Janney Montgomery Scott Llc, which manages about $15.70 billion and $10.40 billion US Long portfolio, decreased its stake in Pimco Invt Grd Corp Etf by 42,909 shares to 140,023 shares, valued at $14.05 million in 2018Q2, according to the filing. It also reduced its holding in Gs Treasury 01Yr Etf by 129,653 shares in the quarter, leaving it with 101,919 shares, and cut its stake in X Trckrs Msci Eafe Etf (DBEF).

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Investorplace.com which released: “Investors Should Be Cautious About Buying Square Stock” on September 12, 2018, also Bizjournals.com with their article: “Charlotte-area banks are closing early today as Hurricane Florence moves in” published on September 14, 2018, Bizjournals.com published: “Here’s where PNC plans to play in retail banking” on September 12, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Seekingalpha.com and their article: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” published on September 14, 2018 as well as Bizjournals.com‘s news article titled: “Bank Notes: PNC cooperating with low-income housing tax credit inquiry” with publication date: August 20, 2018.

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

Among 9 analysts covering PNC Financial (NYSE:PNC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. PNC Financial had 9 analyst reports since April 4, 2018 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Friday, April 13. On Sunday, April 15 the stock rating was maintained by Jefferies with “Hold”. Vining Sparks upgraded the shares of PNC in report on Friday, April 6 to “Buy” rating. Sandler O’Neill maintained the stock with “Buy” rating in Friday, April 13 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, April 4. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Hold” rating by Susquehanna on Tuesday, April 10. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, May 30. Bank of America maintained the stock with “Buy” rating in Friday, May 4 report. The company was maintained on Sunday, April 15 by Piper Jaffray.

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

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