The PNC Financial Services Group, Inc. (PNC) Hit 52-Week High

Joanna Estrada
December 21, 2017

Schmidt P J Investment Management Inc decreased Pnc Financial Services Group I (PNC) stake by 4.82% reported in 2017Q3 SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PNC.

JPM's debt-to-equity ratio is 1.24 versus a D/E of 0.80 for PNC. The Provident Trust Co holds 1.30M shares with $161.98M value, down from 1.31M last quarter. (NYSE:PNC) has been 1.76 million shares per day over the past 30 days. Harbour Capital Advisors LLC now owns 798,918 shares of the financial services provider's stock valued at $6,398,000 after buying an additional 797,080 shares during the period. Principal Financial Group Inc. raised its position in PNC Financial Services Group by 240.4% during the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider's stock valued at $123,000 after acquiring an additional 25 shares in the last quarter. Koch Industries Inc. raised its holdings in shares of PNC Financial Services Group by 78,828.1% during the 2nd quarter. Finally, JPMorgan Chase & Co. raised its position in PNC Financial Services Group by 7.4% during the 2nd quarter. Kentucky-based Stock Yards National Bank Tru Communication has invested 0.7% in General Electric Company (NYSE:GE). (NYSE:PNC) shares. Another trade for 5,000 shares valued at $675,000 was made by Van Wyk Steven C. on Thursday, October 19.

Investors often compare a stock's current price to an analyst price target to get a sense of the potential upside within the next year. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider E William Parsley III sold 46,307 shares of the firm's stock in a transaction dated Friday, December 8th. The institutional investor held 153,367 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $4.14 million, down from 168,947 at the end of the previous reported quarter. The disclosure for this sale can be found here. The company's outstanding shares are 479 Million. (NYSE:PNC) recently ticked lower on strong volume. Sixteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Farmers Bankshares reported 0.66% in The PNC Financial Services Group, Inc. The company's EPS growth for the following year is valued at 11.28%, indicating an EPS value of 5.40% for the past 5 years, and an EPS value of 10.31% for the coming five years. The company's share price has risen nearly 10% over the past six months. Delta Asset Mgmt Lc Tn holds 0.02% in The PNC Financial Services Group, Inc. After having $2.16 EPS previously, The PNC Financial Services Group, Inc.'s analysts see 3.24% EPS growth.

The stock's 50-day average volume has been 1,717,558 shares, with an average of 100% of medium term indicators pointing toward Buy.

PNC Financial Services Group is buying M&A advisory firm Fortis Advisors, making its second move in a month to strengthen its corporate banking business. The stock has a market capitalization of $69,490.00, a PE ratio of 17.84, a P/E/G ratio of 1.95 and a beta of 0.90. Robert W. Baird maintained The PNC Financial Services Group, Inc. Hallmark Cap Management Inc stated it has 0.33% in General Electric Company (NYSE:GE). PNC Financial Services had 81 analyst reports since August 6, 2015 according to SRatingsIntel. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. They expect this year's earnings to rise 15.62% year-over-year to $8.44, followed by 10.66% growth in the next year to $9.34. Net earnings for the quarter were posted at $2.16 per share, whereas Wall Street had forecast $2.13 per share.

WARNING: This piece was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Scotia has 0% invested in The PNC Financial Services Group, Inc.

"This represents our commitment to ongoing investments in our Treasury Management products and services", said Mike Lyons, executive vice president and head of PNC Corporate & Institutional Banking.

The top 5 institutional holders, in ascending order, are as follows: WELLINGTON MANAGEMENT GROUP LLP with 35.54 million shares, VANGUARD GROUP INC with 32.72 million shares, BLACKROCK INC. with 27.78 million shares, STATE STREET CORP with 23.08 million shares, and CAPITAL WORLD INVESTORS with 18.35 million shares.

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