Raab Moskowitz Asset Management buys $2,473,585 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Raab Moskowitz Asset Management scooped up 156 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 10, 2016. The investment management firm now holds a total of 29,101 shares of PNC Financial Services Group Inc which is valued at $2,473,585.PNC Financial Services Group Inc makes up approximately 1.36% of Raab Moskowitz Asset Management’s portfolio.

Other Hedge Funds, Including , M&r Capital Management Inc added PNC to its portfolio by purchasing 1,795 company shares during the most recent quarter which is valued at $152,575. PNC Financial Services Group Inc makes up approx 0.04% of M&r Capital Management Inc’s portfolio.Gerstein Fisher reduced its stake in PNC by selling 123 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 3,284 shares of PNC which is valued at $280,782. PNC Financial Services Group Inc makes up approx 0.04% of Gerstein Fisher’s portfolio.Sumitomo Life Insurance Co reduced its stake in PNC by selling 10,856 shares or 26.96% in the most recent quarter. The Hedge Fund company now holds 29,406 shares of PNC which is valued at $2,413,939. PNC Financial Services Group Inc makes up approx 0.32% of Sumitomo Life Insurance Co’s portfolio.

PNC Financial Services Group Inc closed down -0.04 points or -0.05% at $85.42 with 13,95,385 shares getting traded on Friday. Post opening the session at $85.31, the shares hit an intraday low of $84.97 and an intraday high of $85.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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