Schmidt P J Investment Management Trimmed Its Pnc Financial Services Group I (PNC) Position by $335,536 as Stock Value Declined; Reliance Trust Lowered Applied Materials (AMAT) Holding by $349,388; Market Value Rose

February 23, 2018 - By Louis Casey

Schmidt P J Investment Management Inc decreased its stake in Pnc Financial Services Group I (PNC) by 4.82% based on its latest 2017Q3 regulatory filing with the SEC. Schmidt P J Investment Management Inc sold 2,504 shares as the company’s stock declined 6.38% while stock markets rallied. The institutional investor held 49,400 shares of the finance company at the end of 2017Q3, valued at $6.66M, down from 51,904 at the end of the previous reported quarter. Schmidt P J Investment Management Inc who had been investing in Pnc Financial Services Group I for a number of months, seems to be less bullish one the $74.85B market cap company. The stock increased 0.41% or $0.65 during the last trading session, reaching $158.25. About 453,222 shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 35.14% since February 23, 2017 and is uptrending. It has outperformed by 18.44% the S&P500.

Reliance Trust decreased its stake in Applied Materials Inc (AMAT) by 38.84% based on its latest 2017Q3 regulatory filing with the SEC. Reliance Trust sold 6,719 shares as the company’s stock rose 23.58% with the market. The institutional investor held 10,581 shares of the technology company at the end of 2017Q3, valued at $551,000, down from 17,300 at the end of the previous reported quarter. Reliance Trust who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $59.43 billion market cap company. The stock increased 0.78% or $0.435 during the last trading session, reaching $56.505. About 3.89 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since February 23, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.




Since October 19, 2017, it had 0 insider buys, and 5 insider sales for $11.83 million activity. 46,307 shares valued at $6.64 million were sold by Parsley E William III on Friday, December 8. 8,011 The PNC Financial Services Group, Inc. (NYSE:PNC) shares with value of $1.24 million were sold by HANNON MICHAEL J. $429,417 worth of The PNC Financial Services Group, Inc. (NYSE:PNC) was sold by Larrimer Karen L.. 5,000 shares were sold by Van Wyk Steven C., worth $675,000 on Thursday, October 19.

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.06, from 0.93 in 2017Q2. It worsened, as 55 investors sold PNC 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. Cetera Advisor Network Limited Liability Corporation owns 9,833 shares. Wasatch Inc has invested 0.07% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Exxonmobil Investment Mngmt Inc Tx owns 87,510 shares. The South Carolina-based Ccm Advisers Lc has invested 1.92% in The PNC Financial Services Group, Inc. (NYSE:PNC). Nuveen Asset Mgmt Ltd Limited Liability Company owns 0.02% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 22,974 shares. Daiwa Sb Invests Limited holds 0.26% or 7,710 shares in its portfolio. 402,198 are owned by Suntrust Banks. Nordea Invest Mngmt holds 26,890 shares. Shelton Capital Mngmt stated it has 0.23% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Laurion Management LP invested 0.02% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Baldwin Brothers Inc Ma accumulated 37,458 shares or 0.81% of the stock. Moreover, Regions Fincl Corporation has 0.24% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Ontario – Canada-based Manufacturers Life Insur The has invested 0.36% in The PNC Financial Services Group, Inc. (NYSE:PNC). Plante Moran Financial Limited Liability Company holds 0.02% in The PNC Financial Services Group, Inc. (NYSE:PNC) or 281 shares. Qci Asset Mgmt New York holds 129,032 shares.

Schmidt P J Investment Management Inc, which manages about $434.11M and $334.21M US Long portfolio, upped its stake in Home Depot Inc (NYSE:HD) by 2,760 shares to 11,475 shares, valued at $1.88M in 2017Q3, according to the filing.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on April, 12. They expect $2.41 earnings per share, up 22.96% or $0.45 from last year’s $1.96 per share. PNC’s profit will be $1.14B for 16.42 P/E if the $2.41 EPS becomes a reality. After $2.29 actual earnings per share reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 5.24% EPS growth.

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 98 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, June 8 by Jefferies. As per Wednesday, January 24, the company rating was maintained by BMO Capital Markets. Barclays Capital maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Monday, July 18 with “Equalweight” rating. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by Deutsche Bank on Tuesday, September 8. Keefe Bruyette & Woods maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Hold” rating and $130.0 target. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Outperform” rating given on Tuesday, January 17 by Macquarie Research. The rating was maintained by Citigroup on Monday, October 9 with “Neutral”. Wells Fargo maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Tuesday, January 16. Wells Fargo has “Hold” rating and $157.0 target. The firm has “Neutral” rating given on Monday, October 16 by UBS. The rating was maintained by RBC Capital Markets on Thursday, September 7 with “Buy”.

Analysts await Applied Materials, Inc. (NASDAQ:AMAT) to report earnings on May, 17. They expect $1.13 earnings per share, up 43.04% or $0.34 from last year’s $0.79 per share. AMAT’s profit will be $1.19 billion for 12.50 P/E if the $1.13 EPS becomes a reality. After $1.06 actual earnings per share reported by Applied Materials, Inc. for the previous quarter, Wall Street now forecasts 6.60% EPS growth.

Since October 5, 2017, it had 0 insider buys, and 4 selling transactions for $11.03 million activity. On Tuesday, January 2 the insider Nalamasu Omkaram sold $2.83M. $1.54M worth of Applied Materials, Inc. (NASDAQ:AMAT) was sold by Larkins Thomas F. Salehpour Ali sold $6.44M worth of Applied Materials, Inc. (NASDAQ:AMAT) on Friday, December 29.

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