Cullinan Associates Has Lifted Its Pnc Finl (PNC) Stake by $460,800 as Market Value Rose; Gw Henssler & Associates LTD Lowered Its Accenture Plc Ireland (ACN) Holding by $13.18 Million; Market Value Declined

April 21, 2018 - By Marguerite Chambers

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

Gw Henssler & Associates Ltd decreased its stake in Accenture Plc Ireland (ACN) by 91.9% based on its latest 2017Q4 regulatory filing with the SEC. Gw Henssler & Associates Ltd sold 86,150 shares as the company’s stock declined 3.27% with the market. The institutional investor held 7,598 shares of the business services company at the end of 2017Q4, valued at $1.16M, down from 93,748 at the end of the previous reported quarter. Gw Henssler & Associates Ltd who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $98.01B market cap company. The stock decreased 1.41% or $2.18 during the last trading session, reaching $152.41. About 2.30 million shares traded. Accenture plc (NYSE:ACN) has risen 24.68% since April 21, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Cullinan Associates Inc increased its stake in Pnc Finl (PNC) by 11.28% based on its latest 2017Q4 regulatory filing with the SEC. Cullinan Associates Inc bought 3,200 shares as the company’s stock rose 2.09% while stock markets declined. The institutional investor held 31,580 shares of the finance company at the end of 2017Q4, valued at $4.56M, up from 28,380 at the end of the previous reported quarter. Cullinan Associates Inc who had been investing in Pnc Finl for a number of months, seems to be bullish on the $67.74B market cap company. The stock decreased 0.10% or $0.14 during the last trading session, reaching $144.12. About 2.08 million shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 26.21% since April 21, 2017 and is uptrending. It has outperformed by 14.66% the S&P500.

Since October 30, 2017, it had 0 insider buys, and 4 selling transactions for $11.16 million activity. On Wednesday, January 17 HANNON MICHAEL J sold $1.24 million worth of The PNC Financial Services Group, Inc. (NYSE:PNC) or 8,011 shares. Reilly Robert Q sold 19,576 shares worth $2.85M. Larrimer Karen L. also sold $429,417 worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Monday, October 30.

Cullinan Associates Inc, which manages about $1.27B and $1.36 billion US Long portfolio, decreased its stake in Paypal Hldg Inc by 6,250 shares to 87,728 shares, valued at $6.46M in 2017Q4, according to the filing. It also reduced its holding in Cigna (NYSE:CI) by 2,200 shares in the quarter, leaving it with 7,500 shares, and cut its stake in Lowes Companies Inc (NYSE:LOW).

Among 34 analysts covering PNC Financial Services (NYSE:PNC), 13 have Buy rating, 1 Sell and 20 Hold. Therefore 38% are positive. PNC Financial Services had 107 analyst reports since August 6, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Hold” rating in Tuesday, January 2 report. The firm has “Equal Weight” rating given on Tuesday, January 3 by Barclays Capital. Robert W. Baird maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, September 29 with “Buy” rating. The stock has “Underperform” rating by Bruyette & Woods” on Tuesday, August 11. Nomura maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Monday, October 23 with “Neutral” rating. The rating was maintained by Nomura on Thursday, September 28 with “Neutral”. Wells Fargo maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Thursday, August 10 with “Market Perform” rating. The firm earned “Hold” rating on Tuesday, September 26 by Deutsche Bank. The stock has “Neutral” rating by Credit Suisse on Monday, October 16. The stock has “Neutral” rating by UBS on Wednesday, January 11.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.17, from 0.87 in 2017Q3. It increased, 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. Mycio Wealth Partners Ltd Liability Co invested 0.13% in The PNC Financial Services Group, Inc. (NYSE:PNC). 700 were reported by Pacad Limited. Cooke & Bieler Lp invested 0.92% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Schulhoff And Communications accumulated 3,893 shares. Sunbelt Securities invested in 0.22% or 1,568 shares. Shell Asset Company stated it has 0.15% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Norris Perne And French Llp Mi stated it has 0.05% in The PNC Financial Services Group, Inc. (NYSE:PNC). Indexiq Advsr Ltd Llc holds 6,401 shares. Moreover, Cadence Fincl Bank Na has 0.79% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 14,880 shares. Ahl Partners Limited Liability Partnership owns 2,909 shares. Castleark Management Lc invested 0.31% in The PNC Financial Services Group, Inc. (NYSE:PNC). Roosevelt Grp Incorporated stated it has 0.03% in The PNC Financial Services Group, Inc. (NYSE:PNC). Tiverton Asset Mngmt Limited Co has invested 0.03% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Deutsche Comml Bank Ag holds 1.59 million shares or 0.15% of its portfolio. De Burlo Gp reported 77,850 shares stake.

Analysts await Accenture plc (NYSE:ACN) to report earnings on June, 28. They expect $1.71 earnings per share, up 12.50% or $0.19 from last year’s $1.52 per share. ACN’s profit will be $1.10 billion for 22.28 P/E if the $1.71 EPS becomes a reality. After $1.58 actual earnings per share reported by Accenture plc for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.07, from 1 in 2017Q3. It is negative, as 46 investors sold ACN shares while 393 reduced holdings. 108 funds opened positions while 300 raised stakes. 456.89 million shares or 1.00% less from 461.53 million shares in 2017Q3 were reported. Northwestern Mutual Wealth Mgmt holds 0.11% or 111,821 shares. Alabama-based Eagle Mgmt Limited Liability Corporation has invested 1.86% in Accenture plc (NYSE:ACN). Whittier Company invested in 0.12% or 22,065 shares. 3,827 were accumulated by Badgley Phelps & Bell. has 0.01% invested in Accenture plc (NYSE:ACN). Mogy Joel R Counsel stated it has 2.14% in Accenture plc (NYSE:ACN). Trust Communications Of Oklahoma has invested 1.8% in Accenture plc (NYSE:ACN). Bank & Trust Of The West has invested 0.03% in Accenture plc (NYSE:ACN). 194,375 are owned by Advisory Incorporated. Polen Cap Mgmt Limited Liability Company reported 4.94M shares. Independent Franchise Partners Llp, United Kingdom-based fund reported 6.06M shares. The California-based Capital Sarl has invested 0.2% in Accenture plc (NYSE:ACN). Public Employees Retirement Association Of Colorado accumulated 1.12 million shares or 1.09% of the stock. Dekabank Deutsche Girozentrale reported 572,375 shares. Hamilton Point Investment Lc holds 1.43% of its portfolio in Accenture plc (NYSE:ACN) for 17,837 shares.

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

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By1 Marguerite Chambers

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