Today Pnc Financial Services Group Inc (the) (NYSE:PNC) Reported Increase in Shorted Shares

August 10, 2018 - By Jack Shaw

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

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.32, from 1.04 in 2017Q4. It is negative, as 54 investors sold The PNC Financial Services Group, Inc. shares while 421 reduced holdings. 91 funds opened positions while 253 raised stakes. 373.26 million shares or 0.84% less from 376.44 million shares in 2017Q4 were reported.
Mariner Wealth Advsr has 3,646 shares for 0.03% of their portfolio. Putnam Fl Investment Mgmt Co has 62,206 shares for 0.86% of their portfolio. Catawba Management Va invested in 17,401 shares or 0.63% of the stock. Neuberger Berman Ltd Limited Liability Company invested 0.24% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Barrow Hanley Mewhinney & Strauss Ltd stated it has 2.19M shares. Signature Est Inv Advisors Ltd Liability holds 1,047 shares. Moreover, Jolley Asset Mgmt has 0.01% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Fjarde Ap, Alabama-based fund reported 134,709 shares. Atalanta Sosnoff Capital Limited Liability Co accumulated 418,377 shares. Citadel Limited invested 0.01% in The PNC Financial Services Group, Inc. (NYSE:PNC). Huntington Fincl Bank has invested 0.46% in The PNC Financial Services Group, Inc. (NYSE:PNC). Moreover, Hancock Holdings has 0.77% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 113,442 shares. Tudor Invest Corp Et Al owns 11,080 shares or 0.05% of their US portfolio. Oppenheimer & Inc has 0.03% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Dumont And Blake Advsr stated it has 0.65% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC).

Since July 17, 2018, it had 1 insider purchase, and 3 selling transactions for $4.73 million activity. The insider Lyons Michael P. sold 14,000 shares worth $1.97 million. $741,844 worth of The PNC Financial Services Group, Inc. (NYSE:PNC) shares were sold by HANNON MICHAEL J. 15,000 shares valued at $2.12 million were sold by Van Wyk Steven C. on Tuesday, July 17.

The stock of Pnc Financial Services Group Inc (the) (NYSE:PNC) registered an increase of 2.07% in short interest. PNC’s total short interest was 5.67 million shares in August as published by FINRA. Its up 2.07% from 5.55 million shares, reported previously. With 2.47 million shares average volume, it will take short sellers 2 days to cover their PNC’s short positions. The short interest to Pnc Financial Services Group Inc (the)’s float is 1.2%.

The stock decreased 1.47% or $2.13 during the last trading session, reaching $143.09. About 92,756 shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 21.98% since August 10, 2017 and is uptrending. It has outperformed by 9.41% the S&P500.

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 $66.44 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 12.45 P/E ratio. As of December 31, 2016, this segment operated a network of 2,520 branches and 9,024 ATMs.

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

Among 9 analysts covering PNC Financial (NYSE:PNC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. PNC Financial has $17000 highest and $14700 lowest target. $162’s average target is 13.22% above currents $143.09 stock price. PNC Financial had 11 analyst reports since February 26, 2018 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Sunday, April 15 report. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Hold” rating given on Tuesday, April 10 by Susquehanna. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Tuesday, March 13 by Bank of America. Keefe Bruyette & Woods maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Monday, February 26 with “Hold” rating. Sandler O’Neill maintained the shares of PNC in report on Friday, April 13 with “Buy” rating. As per Friday, May 4, the company rating was maintained by Bank of America. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. The firm has “Buy” rating given on Friday, April 6 by Vining Sparks. The stock has “Hold” rating by Jefferies on Sunday, April 15. Robert W. Baird maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Wednesday, May 30. Robert W. Baird has “Buy” rating and $15300 target.

More important recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Seekingalpha.com which released: “Wall Street Breakfast: Bank Earnings On The Radar” on July 13, 2018, also Bizjournals.com published article titled: “Pittsburgh prepares to capitalize on Opportunity Zone program, but details remain sketchy”, Benzinga.com published: “Earnings Outlook For PNC Financial Services” on July 12, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) was released by: Bizjournals.com and their article: “PNC finances refinery’s growth” with publication date: July 27, 2018.

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

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