As Pnc Financial Services Group (PNC) Shares Declined, First Mercantile Trust Co Increased Stake

June 27, 2018 - By Mark Williams

The PNC Financial Services Group, Inc. (NYSE:PNC) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.72. That’s change of 0.32, from 2017Q4’s 1.04. 54 investors sold all, 421 reduced holdings as PNC ratio dived. 253 rose stakes while 91 funds took stakes. Funds hold 373.26 million shares thus 0.84% less from 2017Q4’s 376.44 million shares. Strategy Asset Managers Lc holds 19,250 shs. Mitchell Management Com stated it has 5,302 shs or 0.29% of all its holdings. Zevin Asset Ltd Llc holds 1.64% in The PNC Financial Services Group, Inc. (NYSE:PNC) or 41,755 shs. Advisor Prtnrs Ltd Liability Company has invested 0.36% in The PNC Financial Services Group, Inc. (NYSE:PNC). Ccm Inv Advisers Llc has 67,358 shs for 1.99% of their capital. Canada Pension Plan Inv Board invested 0.22% of its capital in The PNC Financial Services Group, Inc. (NYSE:PNC). Menta reported 0.18% of its capital in The PNC Financial Services Group, Inc. (NYSE:PNC). Meiji Yasuda Life Insurance has 0.07% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Regent Mgmt Ltd Liability Com has invested 0.23% in The PNC Financial Services Group, Inc. (NYSE:PNC). Chevy Chase Trust Hldg holds 0.29% or 426,966 shs in its capital. Dorsey & Whitney Tru Ltd Liability Co reported 7,212 shs. Atlas Browninc invested in 6,021 shs. Jennison Associates Ltd Liability Co has invested 0.93% in The PNC Financial Services Group, Inc. (NYSE:PNC). Old Mutual Customised Solutions (Proprietary) Limited has invested 0.44% in The PNC Financial Services Group, Inc. (NYSE:PNC). Franklin Street Advsr Inc Nc has 0.04% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 1,848 shs.

PNC registered $1.24 million net activity with 0 insider purchases and 1 insider sale since January 17, 2018.

In 2018Q1 Securities and Exchange filling is reported First Mercantile Trust Co’s holdings in Pnc Financial Services Group (PNC) which was increased by 1055.42%. By buying 25,330 shares First Mercantile Trust Co made the stock sank with 8.45%. The institutional investor is holding 27,730 shares, compared to the 2,400 from the previous quarter. And the reported value of the finance company is $4.19M for the 2018Q1. For a total of 857 shares it reduced its holding in Honeywell International Inc (NYSE:HON) by 24,573 shares in the quarter, and has cut its stake in Merck Co. Inc. (NYSE:MRK).

Another two news for The PNC Financial Services Group, Inc. (NYSE:PNC) were briefly posted by: Prnewswire.com on June 21, 2018 with title “PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test”. The other Bizjournals.com‘s article was titled “PNC provides financing for acquisition of national retailer of athletic shoes” and posted on June 18, 2018.

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

In total 14 analysts cover PNC Financial (NYSE:PNC). “Buy” rating has 8, “Sell” are 0, while 6 are “Hold”. (NYSE:PNC) has 57% bullish analysts. 25 are the (NYSE:PNC)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Tuesday, March 13 the rating was maintained by Bank of America with “Buy”. The stock rating was maintained by Jefferies with “Hold” on Monday, January 8. On Tuesday, January 2 the stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Hold” rating by Barclays Capital. On Friday, January 12 the company was maintained by RBC Capital Markets. On Tuesday, January 2 the firm has “Buy” rating by Robert W. Baird given. On Sunday, April 15 the firm has “Buy” rating given by Piper Jaffray. On Friday, January 12 the rating was maintained by BMO Capital Markets with “Buy”. On Friday, April 6 the firm has “Buy” rating given by Vining Sparks. On Wednesday, April 4 the firm has “Hold” rating given by Keefe Bruyette & Woods. In Wednesday, January 24 report BMO Capital Markets maintained it with “Buy” rating and $178.0 target.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.