What’s Next for PNC Financial Services Group Inc After Today’s Bearish Options Activity?

 What's Next for PNC Financial Services Group Inc After Today's Bearish Options Activity?

In today’s session PNC Financial Services Group Inc (PNC) recorded an unusually high (548) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious PNC decrease. With 548 contracts traded and 9714 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: PNC170120P00082500 closed last at: $0.76 or 3.8% down. About 1.59 million shares traded hands. PNC Financial Services Group Inc (NYSE:PNC) has risen 13.01% since March 31, 2016 and is uptrending. It has outperformed by 10.48% 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. As per Tuesday, August 11, the company rating was downgraded by Bruyette & Woods”. KBW downgraded the stock to “Underperform” rating in Tuesday, August 11 report. The firm earned “Neutral” rating on Wednesday, January 6 by Nomura. The stock of PNC Financial Services Group Inc (NYSE:PNC) has “Mkt Perform” rating given on Wednesday, September 2 by Bruyette & Woods;KBW; KBW”. As per Monday, October 10, the company rating was downgraded by Nomura. The stock has “Market Perform” rating given by KBW on Wednesday, September 2. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Buy” rating by Deutsche Bank on Tuesday, September 8. As per Friday, April 1, the company rating was upgraded by Evercore. The stock of PNC Financial Services Group Inc (NYSE:PNC) has “Neutral” rating given on Friday, October 2 by Hilliard Lyons. On Monday, April 25 the stock rating was maintained by Nomura with “Neutral”.

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.
Jennison Assoc Lc owns 1.94 million shares or 0.17% of their US portfolio. Profund Limited Liability Corporation has 16,285 shares for 0.06% of their US portfolio. Country Trust Savings Bank, a Illinois-based fund reported 222 shares. Morgan Stanley accumulated 0.04% or 1.33M shares. Qci Asset Mngmt Incorporated Ny last reported 138,702 shares in the company. Sentinel Asset Mngmt Inc has invested 0.85% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Moreover, Retail Bank Of Nova Scotia has 0% invested in PNC Financial Services Group Inc (NYSE:PNC) for 10,012 shares. Tower Bridge holds 0% or 6,006 shares in its portfolio. Capstone Inv Advisors Limited Liability Company holds 20,100 shares or 0.03% of its portfolio. Moreover, Systematic Finance Mngmt Ltd Partnership has 0.29% invested in PNC Financial Services Group Inc (NYSE:PNC) for 264,055 shares. Pl Capital has invested 0.69% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Blb&B Advisors Ltd Liability reported 59,125 shares or 0.91% of all its holdings. Arrowgrass Capital (Us) Ltd Partnership owns 105,766 shares or 0.09% of their US portfolio. South State has 0.19% invested in the company for 15,925 shares. Alliancebernstein Limited Partnership holds 1.08 million shares or 0.08% of its portfolio.

Insider Transactions: Since July 21, 2016, the stock had 1 insider buy, and 4 sales for $14.30 million net activity. Shares for $41,220 were bought by HESSE DANIEL. 22,000 shares with value of $2.10M were sold by Reilly Robert Q on Thursday, October 27. $2.85M worth of PNC Financial Services Group Inc (NYSE:PNC) was sold by HANNON MICHAEL J. Another trade for 16,400 shares valued at $1.52 million was made by Rockey Joseph E on Friday, October 21. On Thursday, October 27 DEMCHAK WILLIAM S sold $7.86M worth of the stock or 82,500 shares.

The PNC Financial Services Group, Inc. is a diversified financial services firm in the United States. The company has a market cap of $46.50 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 13.05 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 important recent PNC Financial Services Group Inc (NYSE:PNC) news were published by: Reuters.com which released: “Fitch Affirms PNC Financial Services Group, Inc.’s IDRs at ‘A+/F1’; Outloo…” on October 04, 2016, also Nasdaq.com published article titled: “Earnings Reaction History: PNC Financial Services Group Inc., 40.0% Follow …”, Nasdaq.com published: “PNC Financial Services Group Inc. Bottom Line Drops 7% In Q3” on October 14, 2016. More interesting news about PNC Financial Services Group Inc (NYSE:PNC) was released by: Prnewswire.com and their article: “PNC Declares Dividend Of 55 Cents On Common Stock” with publication date: October 04, 2016.

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