In today’s session PNC Financial Services Group Inc (PNC) registered an unusually high (392) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PNC increase. With 392 contracts traded and 15704 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PNC161118C00095000 closed last at: $0.26 or 46.9% down. About 1.23 million shares traded hands. PNC Financial Services Group Inc (NYSE:PNC) has risen 2.58% since March 14, 2016 and is uptrending. It has underperformed by 3.04% the S&P500.
PNC Financial Services Group Inc (NYSE:PNC) Ratings Coverage
Out of 18 analysts covering PNC Financial Services (NYSE:PNC), 5 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 28% are positive. PNC Financial Services has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, March 14 by Atlantic Securities. As per Tuesday, September 8, the company rating was upgraded by Deutsche Bank. The company was downgraded on Tuesday, August 11 by Wood. Raymond James downgraded PNC Financial Services Group Inc (NYSE:PNC) on Monday, May 9 to “Underperform” rating. The firm has “Market Perform” rating by KBW given on Wednesday, September 2. The firm has “Outperform” rating by BMO Capital Markets given on Monday, September 19. As per Tuesday, March 22, the company rating was initiated by Societe Generale. The stock of PNC Financial Services Group Inc (NYSE:PNC) has “Overweight” rating given on Tuesday, November 24 by Piper Jaffray. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Outperform” rating by Keefe Bruyette & Woods on Wednesday, August 31. The company was initiated on Friday, October 2 by Hilliard Lyons.
According to Zacks Investment Research, “The PNC Financial Services Group, Inc. is one of the nation’s largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. (Company Press Release)”
Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.04, from 0.85 in 2016Q1. The ratio increased, as 59 funds sold all PNC Financial Services Group Inc shares owned while 337 reduced positions. 52 funds bought stakes while 299 increased positions. They now own 388.74 million shares or 0.81% less from 391.90 million shares in 2016Q1.
Rockefeller, a New York-based fund reported 1,241 shares. Lsv Asset Mngmt holds 4.30M shares or 0.72% of its portfolio. Reliant Investment Management Ltd Liability Com holds 2.76% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 37,265 shares. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0.19% in PNC Financial Services Group Inc (NYSE:PNC). Wetherby Asset Management Inc last reported 9,625 shares in the company. Csu Producer Resources Inc owns 6,000 shares or 3.08% of their US portfolio. The Oregon-based Oregon Employees Retirement Fund has invested 0.17% in PNC Financial Services Group Inc (NYSE:PNC). Pl Advsrs Ltd Llc last reported 0.69% of its portfolio in the stock. Hancock Holdings holds 0.56% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 163,240 shares. Euclid Advsrs Limited Liability Company, a Connecticut-based fund reported 3,560 shares. Sumitomo Life Ins reported 29,406 shares or 0.33% of all its holdings. Invesco Ltd has 10.87M shares for 0.32% of their US portfolio. Midas Management has 0.37% invested in the company for 8,000 shares. Wright Ser last reported 0.33% of its portfolio in the stock. Moreover, Pinnacle Associate has 0.11% invested in PNC Financial Services Group Inc (NYSE:PNC) for 64,114 shares.
Insider Transactions: Since April 20, 2016, the stock had 2 insider purchases, and 1 sale for $2.73 million net activity. BUNCH CHARLES E bought $87,805 worth of stock or 1,000 shares. 33,000 shares with value of $2.85 million were sold by HANNON MICHAEL J on Monday, August 8. HESSE DANIEL had bought 500 shares worth $41,220 on Thursday, July 21.
The PNC Financial Services Group, Inc. is a diversified financial services firm in the United States. The company has a market cap of $43.29 billion. The Firm operates through six divisions: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio. It has a 12.04 P/E ratio. Retail Banking provides deposit, lending, brokerage, investment management and cash management services.
PNC Company Profile
The PNC Financial Services Group, Inc. (PNC), incorporated on January 19, 1983, is a diversified financial services firm in the United States. The Firm has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing its services and products nationally, as well as other services and products in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. It also provides various services and products internationally. The Firm operates through six divisions: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.
More notable recent PNC Financial Services Group Inc (NYSE:PNC) news were published by: Nasdaq.com which released: “PNC Financial Services Group Inc. Bottom Line Drops 7% In Q3” on October 14, 2016, also Nasdaq.com with their article: “Earnings Reaction History: PNC Financial Services Group Inc., 40.0% Follow …” published on October 14, 2016, Reuters.com published: “Fitch Affirms PNC Financial Services Group, Inc.’s IDRs at ‘A+/F1’; Outloo…” on October 04, 2016. More interesting news about PNC Financial Services Group Inc (NYSE:PNC) were released by: Bizjournals.com and their article: “PNC remains No. 1 in market share for Pittsburgh” published on September 30, 2016 as well as Prnewswire.com‘s news article titled: “PNC Declares Dividend Of 55 Cents On Common Stock” with publication date: October 04, 2016.
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