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Pnc Financial Services Group, Inc: Wellington Management Group Llp Bought Stake

14 February 2018

Atwood & Palmer Inc increased Pnc Finl Svcs Group Inc (PNC) stake by 1.51% reported in 2017Q3 SEC filing. Regentatlantic Capital Llc who had been investing in Hartford Finl Svcs Group Inc for a number of months, seems to be less bullish one the $19.26 billion market cap company. The hedge fund held 3.37 million shares of the consumer services company at the end of 2017Q3, valued at $16.02 million, up from 3.27 million at the end of the previous reported quarter. In the last 5 trading days, the stock had decreased by -10.78% while in the past three months, the overall change in the stock is -5.61%. The company had a trading volume of 3,651,016 shares, compared to its average volume of 2,562,583. The Hartford Financial Services Group, Inc. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since February 11, 2017 and is uptrending. It has outperformed by 14.75% the S&P500.

Among 33 analysts covering PNC Financial Services (NYSE:PNC), 12 have Buy rating, 1 Sell and 20 Hold. Therefore 41% are positive. The rating was maintained by Piper Jaffray with "Buy" on Monday, January 15. Atlantic Securities downgraded the stock to "Neutral" rating in Wednesday, October 28 report. Zacks Investment Research upgraded PNC Financial Services Group from a "hold" rating to a "buy" rating and set a $164.00 price target on the stock in a research note on Tuesday, December 26th. Rafferty upgraded the shares of PNC in report on Monday, July 17 to "Buy" rating. (NYSE:PNC) earned "Hold" rating by Jefferies on Friday, August 11. (NYSE:PNC) on Friday, September 29 with "Buy" rating.

NYSE:PNC has an EPS value of 10.43 with an EPS growth this year at. The rating was downgraded by FBR Capital to "Mkt Perform" on Monday, November 28. Wells Fargo maintained the stock with "Market Perform" rating in Thursday, August 10 report. The firm has "Overweight" rating given on Friday, June 2 by Barclays Capital.

Investors sentiment decreased to 0.87 in 2017 Q3. Its up 0.08, from 0.75 in 2017Q2. It is negative, as 55 investors sold PNC shares while 364 reduced holdings. 63 funds opened positions while 144 raised stakes. Analysts, on average, seem bullish as they suggest HIG is worth $6.4 more, giving a target price of $60.38 a share. Fulton Bancorporation Na reported 6,807 shares stake. Benjamin F Edwards Communications Incorporated reported 0.05% stake.

The PNC Financial Services Group, Inc. operates as a diversified financial services firm in the United States and internationally. (NYSE:PNC). Brinker stated it has 0.08% in The PNC Financial Services Group, Inc. PNC Financial Services Group Inc. now owns 58,257 shares of the insurance provider's stock valued at $3,065,000 after buying an additional 149 shares during the last quarter. (NYSE:HIG). Amp Capital Investors Ltd stated it has 273,812 shares. FMR LLC boosted its stake in shares of PNC Financial Services Group by 13.9% during the second quarter. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.09. (NYSE:PNC) for 806,633 shares. The stock of The PNC Financial Services Group, Inc. Pennsylvania-based Gardner Russo And Gardner Ltd Llc has invested 0.02% in The PNC Financial Services Group, Inc. (NYSE:HIG). Tokio Marine Asset Mngmt Co Limited has 3,795 shares. Following the sale, the insider now directly owns 103,299 shares of the company's stock, valued at approximately $15,031,037.49. Also Nasdaq.com published the news titled: "Earnings Reaction History: Hartford Financial Services Group Inc., 57.1 ..." on January 25, 2018. (NYSE:PNC) was sold by Reilly Robert Q. (NYSE:PNC). Cypress Grp Incorporated reported 0.06% of its portfolio in The PNC Financial Services Group, Inc. Sva Plumb Wealth Limited Liability Corporation holds 0.32% or 19,162 shares in its portfolio. (NYSE:PNC) has "Hold" rating given on Tuesday, December 12 by Keefe Bruyette & Woods. It also increased its holding in Zoetis Inc (NYSE:ZTS) by 93,395 shares in the quarter, for a total of 780,454 shares, and has risen its stake in Liberty Sirius Group C.

Since October 19, 2017, it had 0 insider purchases, and 5 sales for $11.83 million activity. Polaris Greystone Group Ltd Liability has invested 0.19% in Celgene Corporation (NASDAQ:CELG). (NYSE:PNC) on Monday, May 9 to "Underperform" rating. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider's stock valued at $1,592,394,000 after acquiring an additional 875,164 shares during the last quarter.

In related news, insider E William Parsley III sold 25,000 shares of the firm's stock in a transaction on Wednesday, November 29th.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.24, from 1.2 in 2017Q2. 32 funds opened positions while 66 raised stakes. (NYSE:SWM). Invesco holds 0% or 269,369 shares. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings of $0.84 per share for the quarter, up from their prior estimate of $0.76. Institutions are now holders of 90.90% of the shares. Vigilant Capital Mgmt Ltd Llc accumulated 3,054 shares or 0.07% of the stock. Bartlett Company Lc invested in 17,849 shares or 0.1% of the stock. Mechanics Natl Bank Trust Department has invested 0.06% in Celgene Corporation (NASDAQ:CELG). Metropolitan Life Insur Com has 21,149 shares. Retirement Of Alabama reported 0.03% of its portfolio in National Instruments Corporation (NASDAQ:NATI). Csu Producer Res owns 6,000 shares. Glenmede Tru Na accumulated 4,710 shares. (NYSE:SWM). Ohio-based Public Employees Retirement System Of Ohio has invested 0.01% in Schweitzer-Mauduit International, Inc. Winch Advisory Services Limited Liability Corporation reported 50 shares. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Therefore 75% are positive. Intel Corporation had 222 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, January 12, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating given on Wednesday, September 14 by Citigroup. Thrivent Financial For Lutherans bought 9,370 shares as the company's stock declined 8.33% while stock markets rallied. The stock of Ctrip.com International, Ltd. (NASDAQ:CTRP) earned "Outperform" rating by Oppenheimer on Thursday, September 17. The stock has "Top Pick" rating by RBC Capital Markets on Monday, December 12. Barclays Capital maintained the stock with "Equalweight" rating in Monday, July 18 report.