W.g. Shaheen Associates Dba Whitney Co Lowers stake in PNC Financial Services Group Inc (PNC)

PNC Financial Services Group Inc (PNC) : W.g. Shaheen Associates Dba Whitney Co reduced its stake in PNC Financial Services Group Inc by 0.3% during the most recent quarter end. The investment management company now holds a total of 33,540 shares of PNC Financial Services Group Inc which is valued at $2,949,508 after selling 100 shares in PNC Financial Services Group Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.PNC Financial Services Group Inc makes up approximately 1.20% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.

Other Hedge Funds, Including , Cornerstone Investment Partners reduced its stake in PNC by selling 301,101 shares or 25.98% in the most recent quarter. The Hedge Fund company now holds 857,815 shares of PNC which is valued at $75,436,251. PNC Financial Services Group Inc makes up approx 3.33% of Cornerstone Investment Partners’s portfolio.Legal General Group Plc reduced its stake in PNC by selling 23,940 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 2,379,888 shares of PNC which is valued at $215,403,663. PNC Financial Services Group Inc makes up approx 0.22% of Legal General Group Plc’s portfolio.British Columbia Investment Management Corp reduced its stake in PNC by selling 28,065 shares or 10.64% in the most recent quarter. The Hedge Fund company now holds 235,796 shares of PNC which is valued at $21,341,896. PNC Financial Services Group Inc makes up approx 0.22% of British Columbia Investment Management Corp’s portfolio.Catawba Capital Management Va reduced its stake in PNC by selling 2,400 shares or 10.98% in the most recent quarter. The Hedge Fund company now holds 19,456 shares of PNC which is valued at $1,778,668. PNC Financial Services Group Inc makes up approx 0.43% of Catawba Capital Management Va’s portfolio.Chevy Chase Trust Holdings reduced its stake in PNC by selling 18,375 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 457,564 shares of PNC which is valued at $41,876,257. PNC Financial Services Group Inc makes up approx 0.23% of Chevy Chase Trust Holdings’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 $1.84 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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