PNC Financial Services Group Inc (NYSE:PNC) Institutional Investors Sentiment Falls in 2019 Q2

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Sentiment for PNC Financial Services Group Inc (NYSE:PNC)

PNC Financial Services Group Inc (NYSE:PNC) institutional sentiment decreased to 0.84 in Q2 2019. Its down -0.03, from 0.87 in 2019Q1. The ratio dived, as 336 funds increased and opened new positions, while 399 trimmed and sold stakes in PNC Financial Services Group Inc. The funds in our partner’s database now possess: 352.14 million shares, down from 353.96 million shares in 2019Q1. Also, the number of funds holding PNC Financial Services Group Inc in their top 10 positions increased from 10 to 13 for an increase of 3. Sold All: 41 Reduced: 358 Increased: 252 New Position: 84.

The PNC Financial Services Group, Inc. operates as a diversified financial services firm in the United States and internationally. The company has market cap of $62.02 billion. The companyÂ’s Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business clients through branch network, ATMs, call centers, online banking, and mobile channels. It has a 12.61 P/E ratio. As of December 31, 2016, this segment operated a network of 2,520 branches and 9,024 ATMs.

The stock increased 1.54% or $2.11 during the last trading session, reaching $139.28. About 2.02 million shares traded or 2.81% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has declined 1.69% since September 13, 2018 and is downtrending. It has underperformed by 1.69% the S&P500.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on October, 11. They expect $2.82 earnings per share, 0.00 % or $0.00 from last year’s $2.82 per share. PNC’s profit will be $1.26 billion for 12.35 P/E if the $2.82 EPS becomes a reality. After $2.88 actual earnings per share reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts -2.08 % negative EPS growth.

Provident Trust Co holds 7.69% of its portfolio in The PNC Financial Services Group, Inc. for 1.63 million shares. Atwood & Palmer Inc owns 174,406 shares or 3.23% of their US portfolio. Moreover, Richard C. Young & Co. Ltd. has 3.17% invested in the company for 121,910 shares. The Texas-based Crossvault Capital Management Llc has invested 3.15% in the stock. Third Avenue Management Llc, a New York-based fund reported 265,439 shares.

Since January 1, 0001, it had 1 insider buy, and 0 insider sales for $124,380 activity.

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

Ratings analysis reveals 0 of PNC Financial Services Group’s analysts are positive. Out of 2 Wall Street analysts rating PNC Financial Services Group, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $142 while the high is $157. The stock’s average target of $147 is 5.54% above today’s ($139.28) share price. PNC was included in 5 notes of analysts from March 26, 2019. The company was maintained on Monday, April 15 by Barclays Capital. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, April 15.

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Bizjournals.com which released: “PNC donates $1M to National Museum of African American History and Culture – Washington Business Journal” on August 19, 2019, also Finance.Yahoo.com with their article: “Should You Worry About The PNC Financial Services Group, Inc.’s (NYSE:PNC) CEO Pay Cheque? – Yahoo Finance” published on May 08, 2019, Bizjournals.com published: “PNC provides $18.5M in financing to gardening and landscaping firm – Pittsburgh Business Times” on August 23, 2019. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About PNC Financial Services Group Inc. (PNC) – Yahoo Finance” published on June 14, 2019 as well as Streetinsider.com‘s news article titled: “UPDATE: PNC (PNC) Sees Q3 NII Down as Much ‘A Percent’ From 2Q – Bloomberg, Citing Comments at Barclays – StreetInsider.com” with publication date: September 11, 2019.

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

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