Analysts See $2.12 EPS for PNC Financial Services Group Inc (PNC)

Lloyd Doyle
October 13, 2017

Timber Hill Llc who had been investing in Ericsson (Lm) Tel for a number of months, seems to be less bullish one the $19.19B market cap company. (The) news, insider Wyk Steven C. Van sold 5,000 shares of the business's stock in a transaction on Wednesday, July 26th. About 1.98M shares traded. (NYSE:LVLT) has risen 15.09% since October 12, 2016 and is uptrending. It has underperformed by 1.61% the S&P500. Davis Selected Advisers now owns 307,362 shares of the financial services provider's stock valued at $38,380,000 after buying an additional 5,262 shares in the last quarter. Westwood Hldgs Grp holds 46,696 shares or 0.05% of its portfolio.

Shares of Total System Services, Inc. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider's stock valued at $1,592,394,000 after purchasing an additional 875,164 shares during the last quarter.

The bank, based in Pittsburgh, said it had earnings of $2.16 per share. It has outperformed by 18.44% the S&P500. The Aberdeen Asset Management Plc holds 171,278 shares with $21.39 million value, up from 153,574 last quarter. It also reduced Actuant Corp (NYSE:ATU) stake by 353,600 shares and now owns 1.45 million shares.

Investors sentiment increased to 0.93 in Q2 2017. Its down 0.10, from 1.09 in 2017Q1. It is positive, as 14 investors sold ECPG shares while 34 reduced holdings.

Several other institutional investors and hedge funds also recently made changes to their positions in PNC. The financial services provider reported $1.96 EPS for the quarter, beating the Zacks' consensus estimate of $1.83 by $0.13. Finally, Doyle Wealth Management acquired a new position in PNC Financial Services Group, Inc. Community Bank Na reported 3,413 shares. Reliant Inv Mngmt Limited Liability has 3.24% invested in PNC Financial Services Group Inc (NYSE:PNC). FMR LLC raised its position in shares of PNC Financial Services Group, Inc.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Thursday, April 13th. Sterling Cap Mngmt Ltd Llc holds 0.14% or 118,774 shares in its portfolio. Of the analysts surveyed by Reuters that track The PNC Financial Services Group, Inc. 10 reported 78,754 shares. Whittier Tru owns 13,915 shares or 0.07% of their United States portfolio. Piper Jaffray Companies reiterated a buy rating and issued a $134.00 price objective on shares of PNC Financial Services Group, Inc. Oakbrook Invs Ltd Company stated it has 44,325 shares or 0.37% of all its holdings. Stifel holds 252,395 shares or 0.12% of its portfolio. This repurchase authorization allows the financial services provider to repurchase up to 4.5% of its shares through open market purchases. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 57% are positive. PNC Financial Services had 71 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned "Mkt Perform" rating on Thursday, October 6 by Raymond James. (The) from a "buy" rating to a "hold" rating in a research report on Monday, July 10th. (The) in a research report on Wednesday, October 4th. Finally, Wells Fargo & Company initiated coverage on PNC Financial Services Group, Inc. On Thursday, October 6 the stock rating was upgraded by Raymond James to "Mkt Perform". The firm has "Buy" rating by Evercore given on Friday, April 1. The company was initiated on Wednesday, January 11 by UBS. Argyle Capital Inc accumulated 6,016 shares. BMO Capital Markets has "Buy" rating and $139.0 target. (NYSE:PNC) is getting prepared to post earnings results on 10/13/2017 8:30:00 AM.

Analysts await Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to report earnings on October, 20 before the open.

As the earnings date approaches, we can see that insider ownership is now 0.22% shares, and institutional ownership is at 82.70% for The PNC Financial Services Group, Inc. WG's profit will be $1.27 million for 40.00 P/E if the $0.02 EPS becomes a reality. After $0.02 actual earnings per share reported by Telefonaktiebolaget LM Ericsson for the previous quarter, Wall Street now forecasts 50.00% EPS growth. It also increased its holding in Hershey Co/The (Call) by 13,000 shares in the quarter, for a total of 31,700 shares, and has risen its stake in Proshares Ultrapro Qqq (TQQQ).

Among 30 analysts covering PNC Financial Services (NYSE:PNC), 9 have Buy rating, 1 Sell and 20 Hold. Encore Capital Group Inc had 10 analyst reports since August 11, 2015 according to SRatingsIntel. (The) in a research report on Monday, July 17th. The stock has a consensus rating of "Hold" and a consensus target price of $129.26. The firm has a market capitalization of $65.41 billion, a price-to-earnings ratio of 17.37 and a beta of 0.95. KBW has "Underperform" rating and $101 target. On Monday, December 5 the stock rating was downgraded by Hovde Group to "Market Perform". The firm has "Overweight" rating by Morgan Stanley given on Thursday, February 11. The firm has "Buy" rating by DA Davidson given on Tuesday, May 23. (The) from a "hold" rating to a "buy" rating in a research report on Wednesday, June 14th.

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