Btim Corp. buys $49,972,958 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Btim Corp. scooped up 17,898 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 Oct 17, 2016. The investment management firm now holds a total of 567,681 shares of PNC Financial Services Group Inc which is valued at $49,972,958.PNC Financial Services Group Inc makes up approximately 0.84% of Btim Corp.’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management boosted its stake in PNC in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 23,931 shares of PNC Financial Services Group Inc which is valued at $2,106,646. PNC Financial Services Group Inc makes up approx 1.10% of Sonora Investment Management’s portfolio.Charter Trust Co reduced its stake in PNC by selling 711 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 23,121 shares of PNC which is valued at $2,035,342. PNC Financial Services Group Inc makes up approx 0.23% of Charter Trust Co’s portfolio.Stock Yards Bank Trust Co reduced its stake in PNC by selling 1,125 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 51,957 shares of PNC which is valued at $4,573,775. PNC Financial Services Group Inc makes up approx 0.63% of Stock Yards Bank Trust Co’s portfolio.Cardinal Capital Management boosted its stake in PNC in the latest quarter, The investment management firm added 3,305 additional shares and now holds a total of 134,769 shares of PNC Financial Services Group Inc which is valued at $12,334,059. PNC Financial Services Group Inc makes up approx 1.40% of Cardinal Capital Management’s portfolio.

PNC Financial Services Group Inc opened for trading at $89.59 and hit $90.09 on the upside on Friday, eventually ending the session at $88.03, with a gain of 0.10% or 0.09 points. The heightened volatility saw the trading volume jump to 45,86,379 shares. Company has a market cap of $43,259 M.

On the company’s financial health, PNC Financial Services Group Inc reported $1.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 14, 2016. Analyst had a consensus of $1.78. The company had revenue of $3829.00 million for the quarter, compared to analysts expectations of $3805.06 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 EPS.

Many Wall Street Analysts have commented on PNC Financial Services Group Inc. PNC Financial Services Group Inc was Upgraded by Argus to ” Buy” on Oct 17, 2016. PNC Financial Services Group Inc was Downgraded by Nomura to ” Neutral” on Oct 10, 2016. PNC Financial Services Group Inc was Resumed by Keefe Bruyette to “Outperform” on Aug 31, 2016.

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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