Sarasin Partners Llp Lowers stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : Sarasin Partners Llp reduced its stake in PNC Financial Services Group Inc by 0.06% during the most recent quarter end. The investment management company now holds a total of 100,243 shares of PNC Financial Services Group Inc which is valued at $8,824,391 after selling 57 shares in PNC Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.PNC Financial Services Group Inc makes up approximately 0.14% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , 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.Osborn Rohs Williams Donohoe Ltd reduced its stake in PNC by selling 2,907 shares or 6.15% in the most recent quarter. The Hedge Fund company now holds 44,340 shares of PNC which is valued at $4,013,213. PNC Financial Services Group Inc makes up approx 0.78% of Osborn Rohs Williams Donohoe Ltd’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.Perkins Coie Trust Co boosted its stake in PNC in the latest quarter, The investment management firm added 1,211 additional shares and now holds a total of 23,307 shares of PNC Financial Services Group Inc which is valued at $2,137,019. PNC Financial Services Group Inc makes up approx 1.36% of Perkins Coie Trust Co’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 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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