Cbre Clarion Securities Upped Phillips 66 Partners LP (PSXP) Position By $512,400; Pnc Financial Services Group (PNC) Shorts Down By 2.6%

September 17, 2017 - By marketbeat

Cbre Clarion Securities Llc increased Phillips 66 Partners Lp (PSXP) stake by 10.96% reported in 2016Q4 SEC filing. Cbre Clarion Securities Llc acquired 10,675 shares as Phillips 66 Partners Lp (PSXP)’s stock declined 5.80%. The Cbre Clarion Securities Llc holds 108,102 shares with $5.26M value, up from 97,427 last quarter. Phillips 66 Partners Lp now has $5.38B valuation. The stock increased 0.47% or $0.23 on September 15, reaching $48.84. About 414,461 shares traded or 98.75% up from the average. Phillips 66 Partners LP (NYSE:PSXP) has declined 0.26% since September 17, 2016 and is downtrending. It has underperformed by 16.96% the S&P500.

Pnc Financial Services Group (NYSE:PNC) had a decrease of 2.6% in short interest. PNC’s SI was 6.82M shares in September as released by FINRA. Its down 2.6% from 7.01M shares previously. With 1.82 million avg volume, 4 days are for Pnc Financial Services Group (NYSE:PNC)’s short sellers to cover PNC’s short positions. The stock increased 0.79% or $1 on September 15, reaching $128.19. About 3.28 million shares traded or 51.15% up from the average. PNC Financial Services Group Inc (NYSE:PNC) has risen 35.14% since September 17, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.51, from 1.51 in 2016Q3. It fall, as 19 investors sold PSXP shares while 37 reduced holdings. 19 funds opened positions while 42 raised stakes. 41.06 million shares or 4.19% more from 39.40 million shares in 2016Q3 were reported. Driehaus Cap Mgmt stated it has 85,840 shares. Natixis Asset Management reported 0.01% in Phillips 66 Partners LP (NYSE:PSXP). Nelson Van Denburg Campbell Wealth Gp Limited Co reported 0.01% stake. Northern Trust holds 0% of its portfolio in Phillips 66 Partners LP (NYSE:PSXP) for 58,162 shares. Atlantic Tru Grp Ltd reported 140,556 shares stake. One Trading Limited Partnership holds 3,286 shares or 0% of its portfolio. Bluefin Trading Ltd Llc invested in 37,266 shares. American Century Cos has 1.02M shares. Salient Commerce Lta has 0.08% invested in Phillips 66 Partners LP (NYSE:PSXP) for 14,459 shares. National Bank Of New York Mellon has invested 0% in Phillips 66 Partners LP (NYSE:PSXP). Rockefeller Finance Svcs accumulated 1,738 shares or 0% of the stock. Pnc Financial Svcs Gp Inc owns 38,971 shares. 16,680 are held by Glenmede Tru Na. Goldman Sachs Gp Inc owns 3.79M shares. Beach Invest Counsel Pa holds 0.04% or 7,397 shares in its portfolio.

Cbre Clarion Securities Llc decreased Nrg Yield Inc. Class A stake by 36,300 shares to 38,800 valued at $596,000 in 2016Q4. It also reduced Spirit Realty Capital Inc. (NYSE:SRC) stake by 8.37M shares and now owns 18.37 million shares. Duke Realty Corporation (NYSE:DRE) was reduced too.

Among 15 analysts covering Phillips 66 Partners (NYSE:PSXP), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Phillips 66 Partners had 30 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Raymond James on Thursday, April 21 with “Outperform”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 18. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, May 3 report. Mizuho initiated it with “Buy” rating and $55 target in Friday, September 30 report. The stock of Phillips 66 Partners LP (NYSE:PSXP) earned “Buy” rating by Evercore on Thursday, September 3. On Monday, June 19 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Outperform” rating by Credit Suisse given on Monday, October 26. The firm earned “Hold” rating on Tuesday, August 23 by Jefferies. Jefferies maintained Phillips 66 Partners LP (NYSE:PSXP) rating on Wednesday, August 23. Jefferies has “Hold” rating and $53.0 target. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, December 15.

Investors sentiment increased to 0.93 in 2016 Q4. Its up 0.09, from 0.84 in 2016Q3. It improved, as 49 investors sold PNC Financial Services Group Inc shares while 372 reduced holdings. 118 funds opened positions while 257 raised stakes. 390.56 million shares or 0.68% more from 387.94 million shares in 2016Q3 were reported. Edgemoor Inv holds 3.01% of its portfolio in PNC Financial Services Group Inc (NYSE:PNC) for 169,324 shares. Deltec Asset Management Ltd Liability Com has invested 0.05% in PNC Financial Services Group Inc (NYSE:PNC). Moreover, Duncker Streett And has 0.03% invested in PNC Financial Services Group Inc (NYSE:PNC). Raymond James Trust Na owns 35,768 shares. Connors Investor Service invested in 1.26% or 62,954 shares. Eagle Asset Mgmt holds 0.3% or 388,180 shares. Riverpoint Mgmt Ltd Limited Liability Company, a Ohio-based fund reported 4,385 shares. Covington Investment Advsrs owns 40,400 shares or 2.01% of their US portfolio. Barr E S has 0.13% invested in PNC Financial Services Group Inc (NYSE:PNC) for 9,350 shares. Stock Yards Bankshares Tru has invested 0.55% in PNC Financial Services Group Inc (NYSE:PNC). 206 were reported by Hanseatic Mngmt Serv Inc. Earnest Prtn Lc holds 254 shares. Carret Asset Mgmt Llc invested in 0.79% or 35,485 shares. Monroe Bank & Tru Mi invested in 296 shares. 1,000 are held by Jnba Financial.

The PNC Financial Services Group, Inc. is a diversified financial services company. The company has market cap of $61.43 billion. The Firm has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. It has a 16.25 P/E ratio. The Firm operates through four divisions: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Among 28 analysts covering PNC Financial Services (NYSE:PNC), 10 have Buy rating, 1 Sell and 17 Hold. Therefore 36% are positive. PNC Financial Services had 61 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies maintained the shares of PNC in report on Monday, September 26 with “Hold” rating. The stock has “Market Perform” rating by Wells Fargo on Thursday, August 10. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Buy” rating by Piper Jaffray on Sunday, August 27. The firm has “Top Pick” rating by RBC Capital Markets given on Monday, December 12. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 3. The stock of PNC Financial Services Group Inc (NYSE:PNC) earned “Buy” rating by RBC Capital Markets on Wednesday, June 14. The firm has “Buy” rating given on Friday, April 1 by Evercore. The company was initiated on Wednesday, January 11 by UBS. The rating was upgraded by KBW to “Market Perform” on Wednesday, September 2. The rating was upgraded by Rafferty on Monday, July 17 to “Buy”.

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