Tobam Has Trimmed New Oriental Educatio (EDU) Stake by $506,949; Market Value Rose; Prospector Partners Decreased Its Stake in Pnc Finl Svcs Group (PNC) by $619,100

June 19, 2018 - By Louis Casey

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

Prospector Partners Llc decreased its stake in Pnc Finl Svcs Group Inc (PNC) by 2.85% based on its latest 2018Q1 regulatory filing with the SEC. Prospector Partners Llc sold 4,100 shares as the company’s stock declined 8.45% with the market. The institutional investor held 139,710 shares of the finance company at the end of 2018Q1, valued at $21.13M, down from 143,810 at the end of the previous reported quarter. Prospector Partners Llc who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be less bullish one the $66.81B market cap company. The stock decreased 0.13% or $0.19 during the last trading session, reaching $142.31. About 1.77 million shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 21.98% since June 19, 2017 and is uptrending. It has outperformed by 9.41% the S&P500. Some Historical PNC News: 13/04/2018 – CORRECT: PNC SEES 2Q`18 OTHER NONINTEREST INCOME $225M TO $275M; 05/04/2018 – S&PGR Lowers PNC Bank N.A. Ranking; Outlook Revised To Stable; 13/04/2018 – PNC Financial 1Q Noninterest Income $1.75B; 13/04/2018 – PNC SEES FULL YEAR 2018 EFFECTIVE TAX RATE ABOUT 17%; 13/04/2018 – PNC FINANCIAL SERVICES GROUP INC – QTRLY SHR $2.43; 19/04/2018 – DJ PNC Financial Services Group Inc, Inst Holders, 1Q 2018 (PNC); 23/03/2018 – Daily Home: PNC Bank, NASCAR announce 5-year agreement; 04/04/2018 – Bringing Learning To Life: Alliance To Help Pre-K Teachers Obtain Classroom Resources Enters Second Year; 13/04/2018 – PNC SEES 2Q 2018 NON-INTEREST INCOME $225M TO $275M; 13/04/2018 – PNC FINANCIAL SERVICES GROUP INC – QTRLY PROVISION FOR CREDIT LOSSES WAS $92 MLN VS $88 MLN LAST YEAR

Tobam decreased its stake in New Oriental Educatio (EDU) by 1.76% based on its latest 2018Q1 regulatory filing with the SEC. Tobam sold 5,827 shares as the company’s stock rose 9.41% while stock markets declined. The institutional investor held 325,287 shares of the consumer services company at the end of 2018Q1, valued at $28.51M, down from 331,114 at the end of the previous reported quarter. Tobam who had been investing in New Oriental Educatio for a number of months, seems to be less bullish one the $16.53B market cap company. The stock decreased 0.39% or $0.41 during the last trading session, reaching $104.56. About 604,263 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 38.68% since June 19, 2017 and is uptrending. It has outperformed by 26.11% the S&P500. Some Historical EDU News: 26/04/2018 – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC EDU.N : JP MORGAN RAISES TARGET PRICE TO $90 FROM $83

Among 13 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. New Oriental Education & Technology Group had 39 analyst reports since September 9, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Friday, August 25. Jefferies maintained the shares of EDU in report on Wednesday, January 24 with “Buy” rating. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Neutral” rating given on Wednesday, May 17 by JP Morgan. The rating was maintained by Jefferies on Sunday, August 27 with “Buy”. Jefferies maintained New Oriental Education & Technology Group Inc. (NYSE:EDU) rating on Thursday, July 13. Jefferies has “Buy” rating and $74.8000 target. The firm has “Buy” rating given on Wednesday, October 21 by Jefferies. On Thursday, April 14 the stock rating was initiated by Morgan Stanley with “Overweight”. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Neutral” rating given on Tuesday, May 29 by JP Morgan. TH Capital maintained the shares of EDU in report on Monday, January 18 with “Buy” rating. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Buy” rating given on Thursday, February 4 by Mizuho.

Tobam, which manages about $5.57 billion and $2.43 billion US Long portfolio, upped its stake in Cameco Corp (NYSE:CCJ) by 620,300 shares to 969,700 shares, valued at $8.81 million in 2018Q1, according to the filing. It also increased its holding in Scana Corp (NYSE:SCG) by 140,201 shares in the quarter, for a total of 707,404 shares, and has risen its stake in Newmont Mining Corp (NYSE:NEM).

Another recent and important New Oriental Education & Technology Group Inc. (NYSE:EDU) news was published by Nasdaq.com which published an article titled: “Short Seller Report Highlights Red Flags for Tal Education Group (ADR) Stock” on June 16, 2018.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on July, 13. They expect $2.59 EPS, up 23.33% or $0.49 from last year’s $2.1 per share. PNC’s profit will be $1.22B for 13.74 P/E if the $2.59 EPS becomes a reality. After $2.43 actual EPS reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 6.58% EPS growth.

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 109 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Sunday, August 27. As per Tuesday, March 22, the company rating was initiated by Societe Generale. BMO Capital Markets maintained the stock with “Buy” rating in Monday, December 18 report. Nomura downgraded The PNC Financial Services Group, Inc. (NYSE:PNC) on Monday, October 10 to “Neutral” rating. Goldman Sachs upgraded it to “Buy” rating and $143 target in Wednesday, February 8 report. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. RBC Capital Markets maintained the stock with “Buy” rating in Friday, January 12 report. Jefferies maintained the stock with “Hold” rating in Thursday, June 8 report. As per Tuesday, August 11, the company rating was downgraded by KBW. The rating was maintained by Barclays Capital on Monday, October 16 with “Equal-Weight”.

More news for The PNC Financial Services Group, Inc. (NYSE:PNC) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Matrix Service, The PNC Financial Services Group, Williams-Sonoma, GrubHub …” on June 13, 2018. Bizjournals.com‘s article titled: “PNC provides financing for acquisition of national retailer of athletic shoes” and published on June 18, 2018 is yet another important article.

Since January 17, 2018, it had 0 insider purchases, and 1 insider sale for $1.24 million activity.

Investors sentiment decreased to 0.72 in Q1 2018. Its down 0.32, from 1.04 in 2017Q4. It is negative, as 54 investors sold PNC shares while 421 reduced holdings. 91 funds opened positions while 253 raised stakes. 373.26 million shares or 0.84% less from 376.44 million shares in 2017Q4 were reported. Ohio-based Bartlett And Ltd Liability has invested 0.11% in The PNC Financial Services Group, Inc. (NYSE:PNC). Cohen Steers reported 0.02% in The PNC Financial Services Group, Inc. (NYSE:PNC). Fragasso Group Inc Inc owns 16,107 shares or 0.6% of their US portfolio. Department Mb National Bank & Trust N A reported 1,536 shares. Archford Strategies Ltd Company accumulated 0.02% or 367 shares. 5,918 are owned by Whittier Tru Com Of Nevada. Lederer & Associates Counsel Ca holds 3,035 shares. Cannell Peter B And invested in 1,740 shares or 0.01% of the stock. Exchange Management has invested 0.02% in The PNC Financial Services Group, Inc. (NYSE:PNC). Maple Capital Mngmt has 3.19% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 84,658 shares. Moreover, Invesco Limited has 0.46% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Hl Financial Llc holds 153,867 shares or 0.41% of its portfolio. Cincinnati Specialty Underwriters Ins has invested 1.97% in The PNC Financial Services Group, Inc. (NYSE:PNC). Chicago Equity Prtn has invested 0.02% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Fairview Capital Mgmt Limited Liability Com, California-based fund reported 1,522 shares.

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

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