Waldron Private Wealth LLC Invests $238,000 in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP)

According to the latest filing with the Securities and Exchange Commission (SEC) made by Waldron Private Wealth LLC, the investment firm bought a new position in Pinnacle Financial Partners, Inc. (NASDAQ: PNFP) during the fourth quarter of the year. The exact date of the transaction was not disclosed in the given information.

The investment made by Waldron Private Wealth LLC consisted of 2,738 shares of Pinnacle Financial Partners' stock. The value of this investment was approximately $238,000 based on the market price at the time of the purchase.

Pinnacle Financial Partners, Inc., headquartered in Nashville, Tennessee, is a financial services provider that offers various banking and related financial services to its clients. The company provides commercial and retail banking services, mortgage lending, and wealth management services through its network of branches and offices located primarily in the Southeastern United States.

As of the filing date, Waldron Private Wealth LLC was not among the top 10 institutional investors in Pinnacle Financial Partners, according to the latest data from Yahoo Finance. Other large institutional investors holding significant stakes in the company include BlackRock Institutional Trust Company, N.A., Vanguard Group, and The T. Rowe Price Group, Inc., among others.

The investment by Waldron Private Wealth LLC in Pinnacle Financial Partners could be seen as a positive sign for the company's financial health and future prospects, as institutional investors often conduct extensive research and analysis before making significant investments. However, it is essential to note that one single investment or filing does not necessarily indicate the direction of the market or the company's future performance.

In summary, Waldron Private Wealth LLC bought 2,738 shares of Pinnacle Financial Partners' stock worth approximately $238,000 during the fourth quarter of the year. The investment firm is not among the top 10 institutional investors in the company as of the filing date, and other large institutional investors include BlackRock Institutional Trust Company, N.A., Vanguard Group, and The T. Rowe Price Group, Inc.