Wallace Capital Management Has Boosted Novartis A G (NVS) Stake; CNB Financial (CCNE) Has 1.36 Sentiment

January 14, 2018 - By Winifred Garcia

Wallace Capital Management Inc increased Novartis A G (NVS) stake by 6.11% reported in 2017Q3 SEC filing. Wallace Capital Management Inc acquired 4,825 shares as Novartis A G (NVS)’s stock rose 4.17%. The Wallace Capital Management Inc holds 83,752 shares with $7.19 million value, up from 78,927 last quarter. Novartis A G now has $204.08B valuation. The stock increased 1.14% or $0.98 during the last trading session, reaching $86.65. About 1.02 million shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since January 14, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

CNB Financial Corporation operates as the bank holding firm for CNB Bank that provides various banking services and products for individual, business, governmental, and institutional customers. The company has market cap of $427.37 million. The companyÂ’s principal services and products comprise checking, savings, and time deposit accounts; and real estate, commercial, industrial, residential, and consumer loans. It has a 16.52 P/E ratio. It also offers various other specialized financial services; and trust and asset management services, including the administration of trusts and estates, retirement plans, and other employee benefit plans, as well as a range of wealth management services.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 34 analyst reports since July 28, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, July 5 by Credit Suisse. The stock of Novartis AG (NYSE:NVS) earned “Neutral” rating by JP Morgan on Friday, March 24. As per Monday, September 11, the company rating was maintained by Cowen & Co. The rating was maintained by Goldman Sachs on Thursday, March 23 with “Neutral”. The stock of Novartis AG (NYSE:NVS) has “Overweight” rating given on Wednesday, July 26 by Morgan Stanley. The company was initiated on Tuesday, April 5 by Argus Research. The company was downgraded on Tuesday, January 3 by JP Morgan. The stock has “Sell” rating by Barclays Capital on Wednesday, October 25. The stock of Novartis AG (NYSE:NVS) has “Neutral” rating given on Wednesday, April 19 by JP Morgan. On Monday, July 10 the stock rating was maintained by Cowen & Co with “Hold”.

Banc Funds Co Llc holds 0.64% of its portfolio in CNB Financial Corporation for 526,087 shares. Maltese Capital Management Llc owns 252,837 shares or 0.59% of their US portfolio. Moreover, Emerald Advisers Inc Pa has 0.43% invested in the company for 389,003 shares. The Pennsylvania-based First Commonwealth Financial Corp Pa has invested 0.39% in the stock. Emerald Mutual Fund Advisers Trust, a Pennsylvania-based fund reported 178,402 shares.

Since January 1, 0001, it had 1 insider buy, and 1 sale for $52,209 activity.

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