The PNC Financial Services Group, Inc. (PNC)’s Stock Is Buy After Achieving 52-Week High

January 21, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.06, from 0.93 in 2017Q2. It fall, as 55 investors sold The PNC Financial Services Group, Inc. shares while 364 reduced holdings. 75 funds opened positions while 289 raised stakes. 378.89 million shares or 0.65% less from 381.37 million shares in 2017Q2 were reported.
325,935 were accumulated by Pictet Asset Mgmt. Decatur Cap Mgmt reported 83,806 shares. Ballentine Prns Ltd Company accumulated 0.09% or 12,704 shares. Quebec – Canada-based Addenda has invested 0.62% in The PNC Financial Services Group, Inc. (NYSE:PNC). Folger Nolan Fleming Douglas Capital Mngmt Inc holds 3,494 shares. Winslow Evans Crocker has invested 0.45% in The PNC Financial Services Group, Inc. (NYSE:PNC). Moreover, Shamrock Asset Management Limited Liability Company has 0.28% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 3,196 shares. Family Firm holds 1,787 shares. Welch And Forbes Limited Liability Co reported 0.04% stake. Advisory Services Networks Limited Liability Com stated it has 0.09% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Hm Payson & holds 2,887 shares or 0.02% of its portfolio. Amica Retiree Trust has invested 0.43% in The PNC Financial Services Group, Inc. (NYSE:PNC). Beck Mack & Oliver Lc accumulated 2,000 shares or 0.01% of the stock. D E Shaw has invested 0.01% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Reilly Financial Advisors has invested 0.01% in The PNC Financial Services Group, Inc. (NYSE:PNC).

Since October 19, 2017, it had 0 insider buys, and 4 insider sales for $10.59 million activity. 5,000 The PNC Financial Services Group, Inc. (NYSE:PNC) shares with value of $675,000 were sold by Van Wyk Steven C.. $2.85 million worth of stock was sold by Reilly Robert Q on Friday, December 15. Parsley E William III had sold 46,307 shares worth $6.64 million.

The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) hit a new 52-week high and has $161.46 target or 4.00 % above today’s $155.25 share price. The 9 months bullish chart indicates low risk for the $73.87 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $161.46 price target is reached, the company will be worth $2.95 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.00% or $1.54 during the last trading session, reaching $155.25. About 2.74M shares traded or 48.51% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 35.14% since January 21, 2017 and is uptrending. It has outperformed by 18.44% the S&P500.

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

Among 33 analysts covering PNC Financial Services (NYSE:PNC), 12 have Buy rating, 1 Sell and 20 Hold. Therefore 36% are positive. PNC Financial Services had 96 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of PNC in report on Thursday, December 21 with “Hold” rating. The rating was downgraded by Nomura on Monday, October 10 to “Neutral”. As per Wednesday, June 14, the company rating was maintained by RBC Capital Markets. As per Thursday, August 10, the company rating was maintained by Wells Fargo. The rating was initiated by Societe Generale with “Hold” on Tuesday, March 22. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Overweight” rating given on Tuesday, November 24 by Piper Jaffray. Piper Jaffray maintained the shares of PNC in report on Monday, January 15 with “Buy” rating. Jefferies maintained the stock with “Hold” rating in Monday, September 26 report. The firm earned “Buy” rating on Tuesday, September 8 by Deutsche Bank. On Tuesday, January 2 the stock rating was maintained by Barclays Capital with “Hold”.

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Seekingalpha.com which released: “The PNC Financial Services Group’s (PNC) CEO William Demchak on Q4 2017 …” on January 12, 2018, also Zacks.com with their article: “Why PNC Financial Services Group (PNC) Stock Might be a Great Pick January 15 …” published on January 15, 2018, Bizjournals.com published: “PNC CEO Demchak weighs in on 4Q 2017 and what’s ahead” on January 12, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Seekingalpha.com and their article: “Ongoing Excellence At PNC, But At A Price” published on January 16, 2018 as well as Nasdaq.com‘s news article titled: “PNC Financial (PNC) Beats Q4 Earnings Estimates, Costs Up” with publication date: January 12, 2018.

The PNC Financial Services Group, Inc. operates as a diversified financial services firm in the United States and internationally. The company has market cap of $73.87 billion. The companyÂ’s Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business clients through branch network, ATMs, call centers, online banking, and mobile channels. It has a 14.98 P/E ratio. As of December 31, 2016, this segment operated a network of 2,520 branches and 9,024 ATMs.

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