Northcoast Asset Management Has Trimmed Premier (PINC) Position By $3.30 Million; Btc Capital Management Has Lowered Its Pnc Finl Svcs Group (PNC) Stake

December 6, 2017 - By Marie Mckinney

Northcoast Asset Management Llc decreased Premier Inc (PINC) stake by 78.05% reported in 2017Q2 SEC filing. Northcoast Asset Management Llc sold 94,253 shares as Premier Inc (PINC)’s stock rose 10.37%. The Northcoast Asset Management Llc holds 26,511 shares with $954,000 value, down from 120,764 last quarter. Premier Inc now has $4.07B valuation. The stock increased 0.90% or $0.26 during the last trading session, reaching $29.17. About 695,550 shares traded or 4.95% up from the average. Premier, Inc. (NASDAQ:PINC) has risen 13.15% since December 6, 2016 and is uptrending. It has underperformed by 3.55% the S&P500.

Btc Capital Management Inc decreased Pnc Finl Svcs Group Inc (PNC) stake by 4.22% reported in 2017Q2 SEC filing. Btc Capital Management Inc sold 3,075 shares as Pnc Finl Svcs Group Inc (PNC)’s stock declined 6.38%. The Btc Capital Management Inc holds 69,851 shares with $8.72M value, down from 72,926 last quarter. Pnc Finl Svcs Group Inc now has $68.04B valuation. The stock increased 0.41% or $0.58 during the last trading session, reaching $143.01. About 1.50 million shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 35.14% since December 6, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

Investors sentiment decreased to 1.52 in Q2 2017. Its down 0.21, from 1.73 in 2017Q1. It dropped, as 24 investors sold PINC shares while 47 reduced holdings. 33 funds opened positions while 75 raised stakes. 50.79 million shares or 2.63% more from 49.49 million shares in 2017Q1 were reported. Hightower Advsr Ltd Com reported 38,430 shares. Renaissance Technologies Ltd Llc holds 914,100 shares. 732,749 were accumulated by State Street Corporation. Jpmorgan Chase And Communications has 2.31M shares for 0.02% of their portfolio. Bluecrest Capital Limited holds 0.07% in Premier, Inc. (NASDAQ:PINC) or 49,301 shares. Cipher Cap Limited Partnership stated it has 136,675 shares or 0.38% of all its holdings. Envestnet Asset Management Inc holds 0% or 18,796 shares in its portfolio. Seminole Management holds 0.11% in Premier, Inc. (NASDAQ:PINC) or 12,000 shares. Howe Rusling holds 0% of its portfolio in Premier, Inc. (NASDAQ:PINC) for 204 shares. Alkeon Cap Mgmt Ltd Limited Liability Company owns 1.75 million shares. Aperio Grp accumulated 40,656 shares. Tiaa Cref Management Ltd Liability Company stated it has 0.03% of its portfolio in Premier, Inc. (NASDAQ:PINC). The Germany-based Deutsche Retail Bank Ag has invested 0.01% in Premier, Inc. (NASDAQ:PINC). Archford Capital Strategies Limited Liability Corp stated it has 56 shares or 0% of all its holdings. Timessquare Capital Mngmt Ltd reported 2.62 million shares stake.

Among 16 analysts covering Premier (NASDAQ:PINC), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Premier had 34 analyst reports since August 25, 2015 according to SRatingsIntel. On Tuesday, October 24 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, October 3. The stock has “Overweight” rating by JP Morgan on Wednesday, October 7. William Blair maintained Premier, Inc. (NASDAQ:PINC) on Tuesday, August 25 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, September 11 report. The rating was maintained by Citigroup with “Buy” on Tuesday, August 23. Topeka Capital Markets maintained Premier, Inc. (NASDAQ:PINC) rating on Tuesday, August 25. Topeka Capital Markets has “Buy” rating and $40.0 target. Bank of America downgraded the stock to “Underperform” rating in Monday, November 7 report. The firm earned “Overweight” rating on Wednesday, June 1 by Barclays Capital. The stock of Premier, Inc. (NASDAQ:PINC) earned “Hold” rating by Piper Jaffray on Tuesday, August 22.

Since June 12, 2017, it had 0 insider purchases, and 3 sales for $6.08 million activity. The insider DeVore Susan D. sold 40,000 shares worth $1.41M. Gilbert Durral R. sold 82,861 shares worth $2.91M. 50,000 shares valued at $1.76 million were sold by Alkire Michael J. on Monday, June 12.

Analysts await Premier, Inc. (NASDAQ:PINC) to report earnings on February, 5. They expect $0.45 EPS, up 4.65% or $0.02 from last year’s $0.43 per share. PINC’s profit will be $62.80M for 16.21 P/E if the $0.45 EPS becomes a reality. After $0.44 actual EPS reported by Premier, Inc. for the previous quarter, Wall Street now forecasts 2.27% EPS growth.

Northcoast Asset Management Llc increased Allstate Corp (NYSE:ALL) stake by 250,678 shares to 290,509 valued at $25.69 million in 2017Q2. It also upped Essent Group Ltd (NYSE:ESNT) stake by 24,456 shares and now owns 88,495 shares. Progressive Corp Ohio (NYSE:PGR) was raised too.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on January, 12. They expect $2.23 EPS, up 13.20% or $0.26 from last year’s $1.97 per share. PNC’s profit will be $1.06B for 16.03 P/E if the $2.23 EPS becomes a reality. After $2.16 actual EPS reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 3.24% EPS growth.

Investors sentiment increased to 0.93 in 2017 Q2. Its up 0.09, from 0.84 in 2017Q1. It improved, as 59 investors sold PNC shares while 347 reduced holdings. 85 funds opened positions while 293 raised stakes. 381.37 million shares or 1.04% less from 385.39 million shares in 2017Q1 were reported. Zacks Investment Mngmt reported 228,793 shares stake. Howe & Rusling reported 50 shares stake. New York-based Gabelli And Inv Advisers Inc has invested 0.05% in The PNC Financial Services Group, Inc. (NYSE:PNC). The Connecticut-based Webster Bancorp N A has invested 0.29% in The PNC Financial Services Group, Inc. (NYSE:PNC). Valley National Advisers Inc holds 0.25% or 5,505 shares in its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd invested 0.35% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Strs Ohio invested in 0.26% or 470,124 shares. Balyasny Asset Management Limited Liability reported 0% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Joel Isaacson Company Ltd Liability Corp has 0.05% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Arrowstreet Capital Ltd Partnership accumulated 270,900 shares or 0.1% of the stock. Smithfield owns 24,053 shares. Boothbay Fund Limited Liability holds 2,490 shares or 0.06% of its portfolio. Lincoln National invested in 0.02% or 3,564 shares. Burt Wealth Advsr accumulated 764 shares. Dodge And Cox holds 0% or 20,600 shares in its portfolio.

Among 31 analysts covering PNC Financial Services (NYSE:PNC), 10 have Buy rating, 1 Sell and 20 Hold. Therefore 32% are positive. PNC Financial Services had 80 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo on Thursday, August 10 with “Market Perform”. Credit Suisse maintained the stock with “Hold” rating in Monday, October 9 report. The firm earned “Buy” rating on Friday, April 1 by Evercore. On Friday, September 15 the stock rating was maintained by Jefferies with “Hold”. UBS maintained the shares of PNC in report on Monday, October 16 with “Neutral” rating. The firm has “Buy” rating by Robert W. Baird given on Monday, August 28. The firm has “Outperform” rating given on Wednesday, August 31 by Keefe Bruyette & Woods. The company was maintained on Sunday, August 27 by Piper Jaffray. Credit Suisse maintained it with “Neutral” rating and $137 target in Monday, October 16 report. Jefferies maintained the shares of PNC in report on Friday, August 11 with “Hold” rating.

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