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

June 27, 2018 - By Brenda Gibbons

The PNC Financial Services Group, Inc. (NYSE:PNC) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.72. That’s change of 0.32, from 2017Q4’s 1.04. 54 investors sold all, 421 reduced holdings as PNC ratio is negative. 253 grew holdings while 91 funds acquired holdings. Funds hold 373.26 million shares thus 0.84% less from 2017Q4’s 376.44 million shares. Engines Advsr Ltd Limited Liability Company owns 388 shs. Godsey & Gibb Associate holds 102,453 shs. Hermes Inv Management Limited accumulated 1,777 shs or 0% of the stock. Exchange Mngmt reported 348 shs or 0.02% of all its holdings. Moreover, Umb Bancshares N A Mo has 0.01% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 1,534 shs. Tradition Cap Mgmt Limited Liability Corporation holds 0.71% or 16,339 shs in its capital. Bartlett And Limited Liability Corp invested in 16,999 shs or 0.11% of the stock. Highlander Capital Mngmt Limited Liability Company invested in 3,177 shs or 0.28% of the stock. Bowen Hanes has invested 0.02% in The PNC Financial Services Group, Inc. (NYSE:PNC). Alps Advsrs Inc has invested 0% of its capital in The PNC Financial Services Group, Inc. (NYSE:PNC). First Republic Investment Management accumulated 450,145 shs. Impax Asset Mngmt holds 5,148 shs. 53,207 were reported by Shell Asset Mgmt. Kemnay Advisory Service holds 8,406 shs or 0.55% of its capital. Noesis Mangement Corporation accumulated 1,855 shs.

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

First Mercantile Trust Co’s holdings in Pnc Financial Services Group (PNC) is rose by 1055.42% based on its latest 2018Q1 regulatory filing with the SEC. 25,330 shares were bought by First Mercantile Trust Co as the company’s stock declined 8.45% with the market. The institutional investor is holding 27,730 shares, compared to the 2,400 from the previous quarter. And the reported value of the finance company is $4.19M for the 2018Q1. First Mercantile Trust Co has cut its stake in Us Bancorp (NYSE:USB) and also reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 85,704 shares in the quarter, for a total of 4,671 shares.

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

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

In total 14 analysts cover PNC Financial (NYSE:PNC). “Buy” rating has 8, “Sell” are 0, while 6 are “Hold”. (NYSE:PNC) has 57% bullish analysts. 25 are the (NYSE:PNC)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Friday, February 2 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Friday, May 4 the firm has “Buy” rating given by Bank of America. On Tuesday, April 10 the firm has “Hold” rating by Susquehanna given. In Tuesday, March 13 report Bank of America maintained it with “Buy” rating and $166 target. On Friday, April 13 the stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by Sandler O’Neill. On Friday, April 13 the stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by BMO Capital Markets. On Wednesday, January 24 the company was maintained by BMO Capital Markets. In Sunday, April 15 report Jefferies maintained the stock with “Hold” rating. On Friday, January 12 RBC Capital Markets maintained The PNC Financial Services Group, Inc. (NYSE:PNC) with “Buy” rating. The company rating was maintained by Piper Jaffray on Monday, January 15.

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

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