Janney Montgomery Scott LLC Raised Pnc Finl Svcs Group INC (PNC) Position

September 16, 2018 - By Anthony Romero

The PNC Financial Services Group, Inc. (NYSE:PNC) LogoInvestors sentiment increased to 0.99 in 2018 Q2. Its up 0.27, from 0.72 in 2018Q1. It increased, as 45 investors sold PNC shares while 351 reduced holdings. 91 funds opened positions while 302 raised stakes. 363.79 million shares or 2.54% less from 373.26 million shares in 2018Q1 were reported. United Capital Advisers Limited Liability Company invested in 0.04% or 42,344 shares. Gotham Asset Management Limited Liability reported 11,118 shares or 0.02% of all its holdings. Checchi Capital Advisers Ltd Liability Com stated it has 0.08% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Amer Natl Registered Investment Advisor Inc has 0.81% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Stewart And Patten Lc holds 0.06% or 2,260 shares in its portfolio. Gofen & Glossberg Limited Il has invested 0.08% in The PNC Financial Services Group, Inc. (NYSE:PNC). Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 5,141 shares for 0.04% of their portfolio. Strategy Asset Managers Ltd Company reported 0.53% stake. Sfe Investment Counsel has invested 0.2% in The PNC Financial Services Group, Inc. (NYSE:PNC). Vnbtrust Natl Association, a Virginia-based fund reported 2,506 shares. Alpha Cubed Investments Lc holds 1,535 shares or 0.03% of its portfolio. Rhumbline Advisers reported 846,816 shares. Nuwave Investment Mngmt Ltd Llc reported 4,055 shares. Clearbridge Lc has invested 0% in The PNC Financial Services Group, Inc. (NYSE:PNC). Bokf Na stated it has 0.22% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC).

Since July 17, 2018, it had 1 insider purchase, and 3 insider sales for $4.73 million activity. Van Wyk Steven C. also sold $2.12M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Tuesday, July 17. Pfinsgraff Martin had bought 700 shares worth $99,505 on Wednesday, July 18. $1.97M worth of stock was sold by Lyons Michael P. on Thursday, July 19.

Janney Montgomery Scott Llc increased its stake in Pnc Finl Svcs Group Inc (PNC) by 17% based on its latest 2018Q2 regulatory filing with the SEC. Janney Montgomery Scott Llc bought 27,210 shares as the company’s stock declined 2.95% while stock markets rallied. The institutional investor held 187,294 shares of the finance company at the end of 2018Q2, valued at $25.30M, up from 160,084 at the end of the previous reported quarter. Janney Montgomery Scott Llc who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be bullish on the $65.19B market cap company. The stock increased 0.10% or $0.14 during the last trading session, reaching $140.4. About 1.97M shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 11.76% since September 16, 2017 and is uptrending. It has underperformed by 3.86% the S&P500.

Janney Montgomery Scott Llc, which manages about $15.70 billion and $10.40B US Long portfolio, decreased its stake in X Trckrs Msci Eafe Etf (DBEF) by 124,874 shares to 30,254 shares, valued at $950,000 in 2018Q2, according to the filing. It also reduced its holding in Ishr Hdgd Msci Eafe Etf (HEFA) by 1.02M shares in the quarter, leaving it with 90,953 shares, and cut its stake in Hlthcr Sel Sect Spdr Etf (XLV).

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Bizjournals.com which released: “Bank Notes: PNC cooperating with low-income housing tax credit inquiry” on August 20, 2018, also Investorplace.com with their article: “Investors Should Be Cautious About Buying Square Stock” published on September 12, 2018, Bizjournals.com published: “The FDIC rankings are out. See which Greater Washington banks rose and fell.” on September 14, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Bizjournals.com and their article: “Charlotte-area banks are closing early today as Hurricane Florence moves in” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news” with publication date: September 14, 2018.

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

Among 9 analysts covering PNC Financial (NYSE:PNC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. PNC Financial had 9 analyst reports since April 4, 2018 according to SRatingsIntel. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by Vining Sparks on Friday, April 6. Sandler O’Neill maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, April 13 with “Buy” rating. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Sunday, April 15 by Piper Jaffray. The company was maintained on Wednesday, May 30 by Robert W. Baird. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, April 4. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Friday, April 13 by BMO Capital Markets. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Friday, May 4 by Bank of America. The company was maintained on Tuesday, April 10 by Susquehanna. Jefferies maintained the shares of PNC in report on Sunday, April 15 with “Hold” rating.

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

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