Teachers Retirement System Of The State Of Kentucky Has Lifted Holding in Pnc Financial Services Group (PNC) by $15.09 Million as Shares Rose

April 16, 2018 - By Max Morgan

The PNC Financial Services Group, Inc. (NYSE:PNC) LogoInvestors sentiment increased to 1.04 in 2017 Q4. Its up 0.17, from 0.87 in 2017Q3. It improved, as 40 investors sold PNC shares while 337 reduced holdings. 99 funds opened positions while 294 raised stakes. 376.44 million shares or 0.65% less from 378.89 million shares in 2017Q3 were reported. Appleton Prtn Ma reported 0.13% stake. 190,000 were accumulated by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corp. Andra Ap reported 45,600 shares. Us Retail Bank De reported 578,391 shares. Alpine Woods Cap Invsts Limited Liability Company, a New York-based fund reported 118,700 shares. X Mngmt Company Ltd Liability Corp accumulated 9,939 shares. Barnett Inc stated it has 0.01% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). 1,980 are owned by Burke And Herbert Bank And. Provise Grp Ltd Liability Company holds 0.05% or 2,256 shares. Telos Cap Mngmt reported 0.92% in The PNC Financial Services Group, Inc. (NYSE:PNC). 76,600 were accumulated by Smith Salley And Associate. Oppenheimer Asset Management invested 0.03% in The PNC Financial Services Group, Inc. (NYSE:PNC). Putnam Limited Liability Company invested in 0.09% or 288,326 shares. Neville Rodie Shaw has invested 0.18% in The PNC Financial Services Group, Inc. (NYSE:PNC). Waldron Lp stated it has 3,655 shares or 0.12% of all its holdings.

Since October 19, 2017, it had 0 insider purchases, and 5 insider sales for $11.83 million activity. $6.64 million worth of The PNC Financial Services Group, Inc. (NYSE:PNC) was sold by Parsley E William III on Friday, December 8. The insider Van Wyk Steven C. sold $675,000. Reilly Robert Q sold $2.85M worth of stock or 19,576 shares. On Monday, October 30 Larrimer Karen L. sold $429,417 worth of The PNC Financial Services Group, Inc. (NYSE:PNC) or 3,135 shares.

Teachers Retirement System Of The State Of Kentucky increased its stake in Pnc Financial Services Group (PNC) by 66.33% based on its latest 2017Q4 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 104,800 shares as the company’s stock rose 2.09% while stock markets declined. The institutional investor held 262,792 shares of the finance company at the end of 2017Q4, valued at $37.92M, up from 157,992 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Pnc Financial Services Group for a number of months, seems to be bullish on the $68.29 billion market cap company. The stock decreased 0.11% or $0.16 during the last trading session, reaching $145.3. About 1.58M shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 26.21% since April 16, 2017 and is uptrending. It has outperformed by 14.66% the S&P500.

Teachers Retirement System Of The State Of Kentucky, which manages about $8.51 billion US Long portfolio, decreased its stake in Philip Morris Intl Inc (NYSE:PM) by 38,650 shares to 463,410 shares, valued at $48.96 million in 2017Q4, according to the filing. It also reduced its holding in State Street Corp (NYSE:STT) by 165,800 shares in the quarter, leaving it with 185,759 shares, and cut its stake in Hca Holdings Inc (NYSE:HCA).

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

Among 16 analysts covering PNC Financial (NYSE:PNC), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. PNC Financial had 30 analyst reports since October 19, 2017 according to SRatingsIntel. As per Friday, April 13, the company rating was maintained by Sandler O’Neill. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by Bank of America on Tuesday, March 13. On Wednesday, January 24 the stock rating was maintained by BMO Capital Markets with “Buy”. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. The rating was maintained by Sandler O’Neill on Friday, January 12 with “Buy”. Piper Jaffray maintained it with “Buy” rating and $165.0 target in Monday, January 15 report. As per Monday, October 23, the company rating was maintained by Nomura. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 1. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, February 2. As per Thursday, October 19, the company rating was maintained by Wells Fargo.

The PNC Financial Services Group, Inc. (NYSE:PNC) Institutional Positions Chart

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