Published: Mon, July 17, 2017
World | By Paul Elliott

Gofen & Glossberg LLC IL Increases Position in PNC Financial Services Group, Inc


Thanks to an increase of nearly 0.28% in the past one month, the stock price is now outperforming with 25.32% so far on the year - still in strong zone. 138.79 million shares or 1.97% more from 136.10 million shares in 2016Q3 were reported. First Interstate Bank boosted its position in PNC Financial Services Group, Inc. It has outperformed by 18.44% the S&P500.

Since January 25, 2017, it had 0 buys, and 16 sales for $30.44 million activity. S&Co Inc reported 2,600 shares. SEAWELL A BROOKE had sold 3,107 shares worth $434,980 on Wednesday, May 24. The insider HUANG JEN HSUN sold $4.10 million. The insider Van Wyk Steven C. sold 1,000 shares worth $116,845.

Investors sentiment decreased to 0.91 in 2016 Q4. The Brandywine Global Investment Management Llc holds 1.27 million shares with $101.40 million value, down from 1.31 million last quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moreover, Raffles Associates Lp has 4.9% invested in the company for 50,500 shares. Federated Pa holds 104,102 shares or 0.01% of its portfolio.

Lennar Corporation (NYSE:LEN) is another stock that is grabbing investors attention these days. Shell Asset Mngmt has 58,471 shares. Lombard Odier Asset Management (Europe) invested in 0.35% or 8,291 shares. Profund Limited Liability Corp accumulated 19,356 shares. The fund owned 98,273 shares of the financial services provider's stock after buying an additional 42,409 shares during the period. Castleark Management LLC raised its position in shares of PNC Financial Services Group, Inc. It also upped Extra Space Storage Inc (NYSE:EXR) stake by 11,165 shares and now owns 32,798 shares. Glatfelter (NYSE:GLT) was raised too. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Tahoe Resources had 15 analyst reports since October 8, 2015 according to SRatingsIntel. The stock of Total SA (ADR) (NYSE:TOT) earned "Buy" rating by Independent Research on Thursday, December 1. The firm earned "Market Perform" rating on Wednesday, September 2 by KBW. On Friday, July 15 the stock rating was downgraded by Bank of America to "Neutral". The stock has a consensus recommendation of "Hold" and a consensus price objective of $118.66. The stock has "Overweight" rating by Morgan Stanley on Friday, May 27. 1,010 were reported by Capital Guardian Trust Company. The company was maintained on Friday, June 16 by Jefferies. The firm earned "Buy" rating on Thursday, June 22 by BMO Capital Markets. Its down 0.09, from 0.98 in 2016Q3.

Want to see what other hedge funds are holding PNC? Goldman Sachs Gru reported 17,098 shares. Smithfield owns 3,362 shares.

Regentatlantic Capital Llc decreased Merck & Co Inc (NYSE:MRK) stake by 20,986 shares to 93,108 valued at $5.48M in 2016Q4. 154,642 were reported by Old Mutual Global Investors (Uk). Schwab Charles Inv Mgmt Incorporated holds 230,780 shares.

Loans at the bank grew 4% from a year ago to $218 billion, fueled mostly by commercial lending, where PNC focuses most of its business. Duquesne Family Office Llc owns 466,000 shares or 5.31% of their United States portfolio. Joel Isaacson & Company Limited Liability Corp has invested 0.06% in PNC Financial Services Group Inc (NYSE:PNC). Ftb Advisors owns 5,513 shares for 0.05% of their portfolio. Prentiss Smith & Comm Inc stated it has 0.04% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Earnings per share of $2.10 easily beat the Zacks Consensus Estimate of $2.01. SELL rating has been given by 0 analyst (s) and 6 analyst (s) given BUY rating to the stock. Therefore 57% are positive. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. (The) from a "hold" rating to a "buy" rating and set a $133.00 target price for the company in a report on Tuesday, April 11th. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in PNC Financial Services Group, Inc. (The) was upgraded to "market perform" by analysts at Raymond James. "The rating was downgraded by Bruyette & Woods" to "Underperform" on Tuesday, August 11. Societe Generale initiated PNC Financial Services Group Inc (NYSE:PNC) on Tuesday, March 22 with "Hold" rating.

Since January 1, 0001, it had 1 insider purchase, and 6 selling transactions for $35.94 million activity. Gofen & Glossberg LLC IL's holdings in PNC Financial Services Group, Inc. Reilly Robert Q sold $11.54M worth of stock or 88,000 shares.

While trading at volume above than average, The PNC Financial Services Group, Inc. Shares for $2.04M were sold by Rockey Joseph E on Tuesday, February 21. (PNC) released earnings for its second quarter that increased from previous year. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.02 by $0.08. Next quarter's EPS is forecasted at $2.10 with next year's EPS anticipated to be $9.15.

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