Bailard buys $3,034,395 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Bailard scooped up 29,471 additional shares in PNC Financial Services Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 35,490 shares of PNC Financial Services Group Inc which is valued at $3,034,395.PNC Financial Services Group Inc makes up approximately 0.35% of Bailard’s portfolio.

Other Hedge Funds, Including , Telos Capital Management boosted its stake in PNC in the latest quarter, The investment management firm added 2,090 additional shares and now holds a total of 20,065 shares of PNC Financial Services Group Inc which is valued at $1,715,558. PNC Financial Services Group Inc makes up approx 0.80% of Telos Capital Management’s portfolio.Argent Trust Co reduced its stake in PNC by selling 21 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 5,560 shares of PNC which is valued at $480,606. PNC Financial Services Group Inc makes up approx 0.21% of Argent Trust Co’s portfolio.Atalanta Sosnoff Capital boosted its stake in PNC in the latest quarter, The investment management firm added 3,165 additional shares and now holds a total of 19,310 shares of PNC Financial Services Group Inc which is valued at $1,595,392. PNC Financial Services Group Inc makes up approx 0.05% of Atalanta Sosnoff Capital’s portfolio.Goelzer Investment Management boosted its stake in PNC in the latest quarter, The investment management firm added 3,596 additional shares and now holds a total of 54,817 shares of PNC Financial Services Group Inc which is valued at $4,540,492. PNC Financial Services Group Inc makes up approx 0.60% of Goelzer Investment Management’s portfolio.Hexavest boosted its stake in PNC in the latest quarter, The investment management firm added 356,606 additional shares and now holds a total of 641,522 shares of PNC Financial Services Group Inc which is valued at $52,662,541. PNC Financial Services Group Inc makes up approx 0.78% of Hexavest’s portfolio.

PNC Financial Services Group Inc opened for trading at $85.08 and hit $85.78 on the upside on Monday, eventually ending the session at $85.63, with a gain of 0.74% or 0.63 points. The heightened volatility saw the trading volume jump to 18,62,626 shares. Company has a market cap of $42,079 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 15, 2016. Analyst had a consensus of $1.75. The company had revenue of $3794.00 million for the quarter, compared to analysts expectations of $3826.61 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.88 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. Shares were Upgraded by Nomura on Jul 7, 2016 to ” Buy” and Lowered the Price Target to $ 84 from a previous price target of $95 .

The PNC Financial Services Group Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking corporate and institutional banking asset management and residential mortgage banking as well as other products and services in its primary geographic markets located in Pennsylvania Ohio New Jersey Michigan Illinois Maryland Indiana North Carolina Florida Kentucky Washington D.C. Delaware Virginia Alabama Missouri Georgia Wisconsin and South Carolina. The Company operates through six segments: Retail Banking Corporate & Institutional Banking Asset Management Group Residential Mortgage Banking BlackRock and Non-Strategic Assets Portfolio.

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