Private Wealth Advisors buys $4,673,055 stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Private Wealth Advisors scooped up 426 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 Nov 14, 2016. The investment management firm now holds a total of 43,229 shares of PNC Financial Services Group Inc which is valued at $4,673,055.PNC Financial Services Group Inc makes up approximately 2.23% of Private Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Gardner Russo Gardner boosted its stake in PNC in the latest quarter, The investment management firm added 7,600 additional shares and now holds a total of 23,810 shares of PNC Financial Services Group Inc which is valued at $2,573,861. PNC Financial Services Group Inc makes up approx 0.02% of Gardner Russo Gardner’s portfolio.Delphi Private Advisors boosted its stake in PNC in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 107 shares of PNC Financial Services Group Inc which is valued at $10,154. PNC Financial Services Group Inc makes up approx 0.02% of Delphi Private Advisors’s portfolio. Diversified Trust Co sold out all of its stake in PNC during the most recent quarter. The investment firm sold 31,821 shares of PNC which is valued $3,019,813.Boys Arnold Co Inc boosted its stake in PNC in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 4,167 shares of PNC Financial Services Group Inc which is valued at $394,907. PNC Financial Services Group Inc makes up approx 0.07% of Boys Arnold Co Inc’s portfolio.Bridge Creek Capital Management boosted its stake in PNC in the latest quarter, The investment management firm added 2,754 additional shares and now holds a total of 22,859 shares of PNC Financial Services Group Inc which is valued at $2,132,745. PNC Financial Services Group Inc makes up approx 1.25% of Bridge Creek Capital Management’s portfolio.

PNC Financial Services Group Inc opened for trading at $110.91 and hit $111.385 on the upside on Monday, eventually ending the session at $111.24, with a gain of 0.58% or 0.64 points. The heightened volatility saw the trading volume jump to 52,45,777 shares. Company has a market cap of $54,118 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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