PNC Financial Services Group Inc Has More Gas To Increase After Today’s Bullish Options Activity

 PNC Financial Services Group Inc Has More Gas To Increase After Today's Bullish Options Activity

In today’s session PNC Financial Services Group Inc (PNC) registered an unusually high (647) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious PNC increase. With 647 contracts traded and 884 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: PNC170519C00110000 closed last at: $4.05 or 91.9% up. About 1.21 million shares traded hands. PNC Financial Services Group Inc (NYSE:PNC) has risen 27.84% since April 12, 2016 and is uptrending. It has outperformed by 22.86% 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. $107 is the highest target while $86 is the lowest. The $97.54 average target is -10.43% below today’s ($108.9) stock price. PNC Financial Services has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Nomura maintained PNC Financial Services Group Inc (NYSE:PNC) on Monday, April 25 with “Neutral” rating. The firm earned “Mkt Perform” rating on Thursday, October 6 by Raymond James. On Monday, May 9 the stock rating was downgraded by Raymond James to “Underperform”. The rating was initiated by Societe Generale with “Hold” on Tuesday, March 22. As per Wednesday, January 6, the company rating was downgraded by Nomura. Hilliard Lyons initiated it with “Neutral” rating and $94 target price in Friday, October 2 report. The firm earned “Mkt Perform” rating on Wednesday, September 2 by Bruyette & Woods;KBW; KBW”. The stock of PNC Financial Services Group Inc (NYSE:PNC) has “Hold” rating given on Monday, September 26 by Jefferies. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Buy” rating by Evercore on Friday, April 1. As per Tuesday, August 11, the company rating was downgraded by Bruyette & Woods”.

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 2016 Q2. Its up 0.04, from 0.85 in 2016Q1. The ratio improved, 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.
Davidson Inv has invested 0.01% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Moreover, Brandywine Inv Limited Company has 0.69% invested in PNC Financial Services Group Inc (NYSE:PNC) for 1.26M shares. Farmers Merchants Invs Inc has 0% invested in the company for 97 shares. Hm Payson & owns 2,887 shares or 0.01% of their US portfolio. Loomis Sayles & Communication Lp accumulated 720,023 shares or 0.16% of the stock. Cambridge Inv Advisors has 0.04% invested in the company for 21,331 shares. Fic Cap has 1.52% invested in the company for 39,387 shares. Whittier last reported 14,470 shares in the company. Lvm Capital Management Mi holds 5,220 shares or 0.12% of its portfolio. Maryland Capital Management has invested 0.03% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC). Davis R M accumulated 0.01% or 3,013 shares. The Michigan-based Plante Moran Limited Company has invested 0.01% in PNC Financial Services Group Inc (NYSE:PNC). Btim Corp has 549,783 shares for 0.76% of their US portfolio. Blue Bell Private Wealth Lc, a Pennsylvania-based fund reported 885 shares. Quantum Mgmt holds 0.12% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 10,090 shares.

Insider Transactions: Since July 21, 2016, the stock had 1 buy, and 6 insider sales for $17.64 million net activity. Kozich Gregory H sold $953,168 worth of PNC Financial Services Group Inc (NYSE:PNC) on Monday, October 31. Another trade for 500 shares valued at $41,220 was bought by HESSE DANIEL. Shares for $7.86 million were sold by DEMCHAK WILLIAM S on Thursday, October 27. The insider Reilly Robert Q sold 22,000 shares worth $2.10 million. Another trade for 25,000 shares valued at $2.38 million was made by HANNON MICHAEL J on Monday, October 31. $1.52 million worth of PNC Financial Services Group Inc (NYSE:PNC) was sold by Rockey Joseph E on Friday, October 21.

The PNC Financial Services Group, Inc. is a diversified financial services firm in the United States. The company has a market cap of $52.96 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 15.01 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.

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