Pnc Financial Services Group (PNC) Shareholder First Mercantile Trust Co Increased Stake by $3.82 Million

June 27, 2018 - By Mary Bollinger

The PNC Financial Services Group, Inc. (NYSE:PNC) Corporate LogoBig Money Sentiment decreased to 0.72 in Q1 2018. It has change of 0.32, from 2017Q4’s 1.04. The ratio turned negative due to PNC positioning: 54 sold and 421 reduced. 91 funds bought stakes and 253 increased stakes. Investors holded 376.44 million in 2017Q4 but now own 373.26 million shares or 0.84% less. Bluecrest Mgmt Ltd accumulated 28,859 shs or 0.14% of the stock. Avalon Advsrs Ltd Company accumulated 7,710 shs. Laurel Grove Limited Company stated it has 1.39% of its capital in The PNC Financial Services Group, Inc. (NYSE:PNC). The Texas-based Barrow Hanley Mewhinney & Strauss Limited Co has invested 0.53% in The PNC Financial Services Group, Inc. (NYSE:PNC). 16,277 were accumulated by Gofen & Glossberg Lc Il. Fin Engines Limited Co reported 388 shs. Fdx Advisors Incorporated owns 6,806 shs. Usa Portformulas Corporation accumulated 23,023 shs or 0.84% of the stock. Finemark Natl Bankshares holds 0.07% or 7,007 shs. Cap One National Association owns 13,981 shs for 0.15% of their capital. Castleark Management Ltd Liability Corp has 70,600 shs for 0.34% of their capital. Next Financial Gru Incorporated stated it has 0.1% of its capital in The PNC Financial Services Group, Inc. (NYSE:PNC). North Carolina-based Franklin Street Nc has invested 0.04% in The PNC Financial Services Group, Inc. (NYSE:PNC). Parsec Fincl Mgmt has 1.04% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Archford Strategies reported 367 shs stake.

PNC had 1 insider sale and 0 buys since January 17, 2018. This’s net activity of $1.24 million.

In 2018Q1 SEC form is reported First Mercantile Trust Co’s stake in Pnc Financial Services Group (PNC) which was increased by 1055.42%. The company’s stock declined 8.45% with the market as First Mercantile Trust Co bought 25,330 shares. 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. First Mercantile Trust Co has cut its stake in Cisco Systems Inc (NASDAQ:CSCO) and also reduced its holding in Alphabet Inc Cl C by 3,683 shares in the quarter, for a total of 1,734 shares.

Another two news for The PNC Financial Services Group, Inc. (NYSE:PNC) were briefly published 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 published 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”. 57% are bullish. 25 are the (NYSE:PNC)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. The company rating was maintained by Robert W. Baird on Wednesday, May 30. On Tuesday, January 16 the firm earned “Hold” rating by Wells Fargo. On Friday, January 12 BMO Capital Markets maintained The PNC Financial Services Group, Inc. (NYSE:PNC) with “Buy” rating. On Wednesday, April 4 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Wednesday, January 24 the rating was maintained by BMO Capital Markets with “Buy”. On Friday, February 2 the firm has “Equal-Weight” rating by Morgan Stanley given. On Monday, February 26 the stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Hold” rating by Keefe Bruyette & Woods. On Friday, April 6 the firm has “Buy” rating given by Vining Sparks. The stock rating was maintained by RBC Capital Markets with “Buy” on Friday, January 12. The stock rating was maintained by BMO Capital Markets with “Buy” on Friday, April 13.

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

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