Canal Capital Management buys $934,344 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Canal Capital Management scooped up 64 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 10,928 shares of PNC Financial Services Group Inc which is valued at $934,344.PNC Financial Services Group Inc makes up approximately 0.95% of Canal Capital Management’s portfolio.

Other Hedge Funds, Including , Mesirow Financial Investment Management – Equity Management sold out all of its stake in PNC during the most recent quarter. The investment firm sold 14,919 shares of PNC which is valued $1,275,575.Cable Hill Partners boosted its stake in PNC in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 426 shares of PNC Financial Services Group Inc which is valued at $36,823. PNC Financial Services Group Inc makes up approx 0.02% of Cable Hill Partners’s portfolio.Bourgeon Capital Management boosted its stake in PNC in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 20,300 shares of PNC Financial Services Group Inc which is valued at $1,702,155. PNC Financial Services Group Inc makes up approx 1.05% of Bourgeon Capital Management’s portfolio.New Jersey Better Educational Savings Trust boosted its stake in PNC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,000 shares of PNC Financial Services Group Inc which is valued at $754,650. PNC Financial Services Group Inc makes up approx 0.48% of New Jersey Better Educational Savings Trust’s portfolio.Oakworth Capital boosted its stake in PNC in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 115 shares of PNC Financial Services Group Inc which is valued at $9,525.

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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