Genesee Valley Trust Co buys $901,842 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Genesee Valley Trust Co scooped up 2,029 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 12, 2016. The investment management firm now holds a total of 9,964 shares of PNC Financial Services Group Inc which is valued at $901,842.PNC Financial Services Group Inc makes up approximately 0.58% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in PNC by selling 4,550 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 203,691 shares of PNC which is valued at $18,436,072. PNC Financial Services Group Inc makes up approx 0.24% of Nisa Investment Advisors’s portfolio.Fisher Asset Management boosted its stake in PNC in the latest quarter, The investment management firm added 474,897 additional shares and now holds a total of 549,765 shares of PNC Financial Services Group Inc which is valued at $50,407,953. PNC Financial Services Group Inc makes up approx 0.09% of Fisher Asset Management’s portfolio.Advisory Services Network boosted its stake in PNC in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 242 shares of PNC Financial Services Group Inc which is valued at $22,124.Franklin Street Advisors Inc Nc reduced its stake in PNC by selling 9,305 shares or 53.85% in the most recent quarter. The Hedge Fund company now holds 7,973 shares of PNC which is valued at $729,689. PNC Financial Services Group Inc makes up approx 0.13% of Franklin Street Advisors Inc Nc’s portfolio.

PNC Financial Services Group Inc closed down -1.18 points or -1.29% at $90.51 with 28,22,103 shares getting traded on Tuesday. Post opening the session at $91.64, the shares hit an intraday low of $90.18 and an intraday high of $91.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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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