Pnc Finl Svcs Group (PNC) Stock Price Declined While Benin Management Has Trimmed by $348,400 Its Position; Aes (AES) Stock Value Declined While British Columbia Investment Management Has Lifted Stake by $2.83 Million

February 15, 2018 - By Vivian Currie

British Columbia Investment Management Corp increased its stake in Aes Corp (AES) by 44.32% based on its latest 2017Q3 regulatory filing with the SEC. British Columbia Investment Management Corp bought 256,956 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 836,767 shares of the central company at the end of 2017Q3, valued at $9.22M, up from 579,811 at the end of the previous reported quarter. British Columbia Investment Management Corp who had been investing in Aes Corp for a number of months, seems to be bullish on the $6.78B market cap company. The stock decreased 0.48% or $0.05 during the last trading session, reaching $10.27. About 5.93M shares traded. The AES Corporation (NYSE:AES) has risen 4.28% since February 15, 2017 and is uptrending. It has underperformed by 12.42% the S&P500.

Benin Management Corp decreased its stake in Pnc Finl Svcs Group Inc (PNC) by 4.97% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp sold 2,600 shares as the company’s stock declined 6.38% while stock markets rallied. The institutional investor held 49,753 shares of the finance company at the end of 2017Q3, valued at $6.71 million, down from 52,353 at the end of the previous reported quarter. Benin Management Corp who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be less bullish one the $74.86 billion market cap company. The stock increased 3.25% or $4.98 during the last trading session, reaching $158.27. About 2.21M shares traded or 3.79% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 35.14% since February 15, 2017 and is uptrending. It has outperformed by 18.44% the S&P500.

British Columbia Investment Management Corp, which manages about $12.94 billion US Long portfolio, decreased its stake in Workday Inc (NYSE:WDAY) by 75,495 shares to 71,268 shares, valued at $7.51 million in 2017Q3, according to the filing. It also reduced its holding in Leucadia Natl Corp (NYSE:LUK) by 73,444 shares in the quarter, leaving it with 273,740 shares, and cut its stake in Boston Scientific Corp (NYSE:BSX).

Among 10 analysts covering AES Corporation (NYSE:AES), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. AES Corporation had 18 analyst reports since September 24, 2015 according to SRatingsIntel. Morgan Stanley maintained The AES Corporation (NYSE:AES) rating on Friday, September 8. Morgan Stanley has “Equal-Weight” rating and $1 target. The stock has “Buy” rating by Bank of America on Monday, November 13. The stock of The AES Corporation (NYSE:AES) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, December 13. The firm has “Peer Perform” rating given on Wednesday, November 4 by Wolfe Research. Barclays Capital downgraded the stock to “Equal Weight” rating in Tuesday, October 4 report. RBC Capital Markets downgraded the shares of AES in report on Wednesday, January 4 to “Sector Perform” rating. The stock of The AES Corporation (NYSE:AES) earned “Hold” rating by Argus Research on Thursday, March 23. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, September 10. The firm has “Buy” rating given on Monday, February 12 by SunTrust. The rating was downgraded by Bank of America to “Underperform” on Tuesday, November 22.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.31, from 1.01 in 2017Q2. It increased, as 29 investors sold AES shares while 132 reduced holdings. 45 funds opened positions while 168 raised stakes. 596.31 million shares or 1.11% less from 603.00 million shares in 2017Q2 were reported. Cetera Advisors Limited Liability Company has 26,568 shares. Fuller And Thaler Asset Management has invested 0% of its portfolio in The AES Corporation (NYSE:AES). Farmers & Merchants Inc stated it has 4,295 shares or 0% of all its holdings. Bb&T owns 115,883 shares. Stevens Capital Mgmt Limited Partnership invested in 0.26% or 640,241 shares. Rhumbline Advisers reported 1.12M shares. Dynamic Capital Mgmt stated it has 0.05% in The AES Corporation (NYSE:AES). Deutsche Fincl Bank Ag holds 2.95 million shares. Psagot Inv House holds 0% or 10,000 shares in its portfolio. 1832 Asset Management Ltd Partnership owns 0% invested in The AES Corporation (NYSE:AES) for 6,450 shares. Thompson Davis Inc holds 0.39% in The AES Corporation (NYSE:AES) or 20,196 shares. Loomis Sayles And Lp, Massachusetts-based fund reported 27,393 shares. Nuveen Asset Mngmt Lc, Illinois-based fund reported 234,880 shares. Brinker Cap Inc holds 0.06% or 127,534 shares. Asset Management One reported 1.21 million shares or 0.03% of all its holdings.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.06, from 0.93 in 2017Q2. It fall, 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. Teacher Retirement Of Texas holds 0.14% or 171,376 shares. United Kingdom-based Cantab Cap Ptnrs Limited Liability Partnership has invested 0.25% in The PNC Financial Services Group, Inc. (NYSE:PNC). Sandy Spring State Bank holds 0.12% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC) for 9,552 shares. Cincinnati has invested 2.05% in The PNC Financial Services Group, Inc. (NYSE:PNC). Regentatlantic Cap Limited Liability reported 27,611 shares or 0.32% of all its holdings. Prospector Prtnrs Limited Company reported 3.04% in The PNC Financial Services Group, Inc. (NYSE:PNC). Harvey Limited Liability Com accumulated 47,760 shares. Pax Mngmt Ltd Co, a New Hampshire-based fund reported 4,100 shares. State Of New Jersey Common Pension Fund D stated it has 422,031 shares or 0.23% of all its holdings. Telemus Ltd Liability Corporation invested 0.11% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). 1,708 were accumulated by Brighton Jones Limited Liability Corp. 385,092 were reported by Zurcher Kantonalbank (Zurich Cantonalbank). Pacific Glob Mgmt stated it has 0.05% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Moreover, Jfs Wealth Advsrs Ltd Co has 0.53% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Farmers Tru has invested 0.61% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC).

Since October 19, 2017, it had 0 insider purchases, and 5 insider sales for $11.83 million activity. 3,135 shares were sold by Larrimer Karen L., worth $429,417. Shares for $675,000 were sold by Van Wyk Steven C. on Thursday, October 19. Parsley E William III sold $6.64 million worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, December 8. HANNON MICHAEL J also sold $1.24M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Wednesday, January 17.

Benin Management Corp, which manages about $278.88M and $248.13 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 28,201 shares to 198,676 shares, valued at $49.91 million in 2017Q3, according to the filing.

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 “Market Perform” rating on Thursday, August 10 by Wells Fargo. The firm has “Outperform” rating given on Tuesday, January 17 by Macquarie Research. The company was maintained on Monday, October 2 by Piper Jaffray. Sandler O’Neill maintained the shares of PNC in report on Friday, January 12 with “Buy” rating. As per Thursday, June 8, the company rating was maintained by Jefferies. The firm has “Buy” rating by RBC Capital Markets given on Friday, January 12. The stock has “Neutral” rating by Nomura on Monday, October 23. The firm earned “Hold” rating on Friday, August 11 by Jefferies. On Monday, October 16 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods.

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