First Mercantile Trust Co Increased Pnc Financial Services Group (PNC) Stake by $3.82 Million; Shares Declined

June 27, 2018 - By Leslie Harms

The PNC Financial Services Group, Inc. (NYSE:PNC) Corporate LogoBig Money Sentiment decreased to 0.72 in Q1 2018. It has change of 0.32, from 2017Q4’s 1.04. The ratio worsened due to PNC positioning: 54 sold and 421 reduced. 91 funds took stakes and 253 increased stakes. Investors holded 376.44 million in 2017Q4 but now own 373.26 million shares or 0.84% less. Strategy Asset Managers Limited Liability Co reported 19,250 shs. Qs Invsts Llc reported 9,253 shs or 0.01% of all its holdings. Utah Retirement has invested 0.29% in The PNC Financial Services Group, Inc. (NYSE:PNC). Sumitomo Mitsui Holdings accumulated 1.44 million shs. Washington Trust Bancorp, a Washington-based fund reported 54,507 shs. 13,981 are held by One Association. Mackenzie Fincl reported 269,388 shs. Cullen Frost Bankers Inc holds 0.07% or 16,731 shs in its capital. Financial owns 0% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 2 shs. Cetera Advsrs Ltd Llc accumulated 3,139 shs. Prentiss Smith & Inc has invested 0.22% of its capital in The PNC Financial Services Group, Inc. (NYSE:PNC). Hexavest holds 1,415 shs or 0% of its capital. Switzerland-based Lombard Odier Asset Mgmt (Switzerland) has invested 0.05% in The PNC Financial Services Group, Inc. (NYSE:PNC). Howe & Rusling has invested 0% in The PNC Financial Services Group, Inc. (NYSE:PNC). 3,560 were reported by Boys Arnold Inc.

PNC had 1 sale and 0 insider buys since January 17, 2018. This’s net activity of $1.24 million.

In Pnc Financial Services Group (PNC) was upped the holdings owned by First Mercantile Trust Co. The reduction is 1055.42% according to 2018Q1 Securities and Exchange filling. The company’s stock declined 8.45% with the market as First Mercantile Trust Co bought 25,330 shares. At the end of 2018Q1, the institutional investor held 27,730 shares of the finance company, priced at $4.19 million, up from 2,400 at the end of the previous reported quarter. First Mercantile Trust Co has cut its stake in Honeywell International Inc (NYSE:HON) and also reduced its holding in Us Bancorp (NYSE:USB) by 64,210 shares in the quarter, for a total of 11,300 shares.

Another two news for The PNC Financial Services Group, Inc. (NYSE:PNC) were briefly released by: Prnewswire.com on June 21, 2018 with title “PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test”. The other Bizjournals.com‘s article was titled “PNC provides financing for acquisition of national retailer of athletic shoes” and released on June 18, 2018.

The PNC Financial Services Group, Inc. (NYSE:PNC) Ratings Coverage

A total of 14 analysts rate PNC Financial (NYSE:PNC) as follows: 8 “Buy”, 6 “Hold” and 0 “Sell”. Тherefore 57% are bullish. (NYSE:PNC) has 25 ratings reports on 27 Jun 2018 according to StockzIntelligence. In Friday, April 13 report BMO Capital Markets maintained the stock with “Buy” rating. On Sunday, April 15 the stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given by Piper Jaffray. On Friday, January 12 the stock has “Buy” rating by Sandler O’Neill. In Friday, April 6 report Vining Sparks upgraded the stock to “Buy” rating. On Friday, January 12 the rating was maintained by BMO Capital Markets with “Buy”. On Sunday, April 15 the firm earned “Hold” rating by Jefferies. In Tuesday, April 10 report Susquehanna maintained the stock with “Hold” rating. On Monday, January 15 the rating was maintained by Susquehanna with “Hold”. In Monday, January 8 report Jefferies maintained it with “Hold” rating and $163.0 target. On Wednesday, January 24 the stock has “Buy” rating by BMO Capital Markets.

The PNC Financial Services Group, Inc. (NYSE:PNC) Institutional Investors Chart

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