Genesee Valley Trust Co. raised its stake in PNC Financial Services Group Inc. (NYSE:PNC) by 50.3% during the second quarter, Holdings Channel reports. The fund owned 7,935 shares of the company’s stock after buying an additional 2,654 shares during the period. Genesee Valley Trust Co.’s holdings in PNC Financial Services Group were worth $646,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Alpha Windward LLC increased its stake in shares of PNC Financial Services Group by 150.5% in the first quarter. Alpha Windward LLC now owns 3,048 shares of the company’s stock valued at $258,000 after buying an additional 1,831 shares during the last quarter. Iberiabank Corp boosted its position in PNC Financial Services Group by 23.9% in the first quarter. Iberiabank Corp now owns 5,031 shares of the company’s stock worth $425,000 after buying an additional 969 shares during the period. Bridge Creek Capital Management LLC boosted its position in PNC Financial Services Group by 7.7% in the first quarter. Bridge Creek Capital Management LLC now owns 16,660 shares of the company’s stock worth $1,409,000 after buying an additional 1,198 shares during the period. Joel Isaacson & Co. LLC boosted its position in PNC Financial Services Group by 23.4% in the first quarter. Joel Isaacson & Co. LLC now owns 3,164 shares of the company’s stock worth $268,000 after buying an additional 600 shares during the period. Finally, BLB&B Advisors LLC boosted its position in PNC Financial Services Group by 5.6% in the first quarter. BLB&B Advisors LLC now owns 58,094 shares of the company’s stock worth $4,913,000 after buying an additional 3,068 shares during the period. 80.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.42% on Wednesday, reaching $90.74. 1,889,307 shares of the company’s stock traded hands. The company’s 50-day moving average price is $87.69 and its 200 day moving average price is $85.67. PNC Financial Services Group Inc. has a one year low of $77.40 and a one year high of $97.50. The firm has a market cap of $44.59 billion, a P/E ratio of 12.52 and a beta of 0.88.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, July 15th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.07. The firm earned $3.79 billion during the quarter. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. On average, equities analysts forecast that PNC Financial Services Group Inc. will post $7.10 EPS for the current fiscal year.

PNC has been the subject of a number of research reports. Vetr cut PNC Financial Services Group from a “strong-buy” rating to a “buy” rating and set a $99.22 target price for the company. in a report on Tuesday, May 24th. Nomura cut PNC Financial Services Group from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Credit Suisse Group AG reiterated a “hold” rating on shares of PNC Financial Services Group in a report on Friday, June 10th. Zacks Investment Research cut PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of PNC Financial Services Group in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $96.50.

In other news, insider Michael J. Hannon sold 33,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $86.49, for a total transaction of $2,854,170.00. Following the completion of the sale, the insider now owns 87,573 shares in the company, valued at approximately $7,574,188.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel Hesse purchased 500 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were bought at an average price of $82.44 per share, with a total value of $41,220.00. Following the purchase, the director now owns 1,100 shares in the company, valued at $90,684. The disclosure for this purchase can be found here. 0.57% of the stock is currently owned by company insiders.

About PNC Financial Services Group

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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