Tufton Capital Management decreased its position in PNC Financial Services Group Inc. (NYSE:PNC) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,929 shares of the company’s stock after selling 575 shares during the period. Tufton Capital Management’s holdings in PNC Financial Services Group were worth $890,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PNC. Iowa State Bank purchased a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $114,000. Barrett Asset Management LLC increased its stake in shares of PNC Financial Services Group by 162.3% in the second quarter. Barrett Asset Management LLC now owns 1,705 shares of the company’s stock valued at $139,000 after buying an additional 1,055 shares during the last quarter. NEXT Financial Group Inc increased its stake in shares of PNC Financial Services Group by 42.8% in the second quarter. NEXT Financial Group Inc now owns 2,006 shares of the company’s stock valued at $163,000 after buying an additional 601 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of PNC Financial Services Group by 113.7% in the first quarter. Ropes Wealth Advisors LLC now owns 1,947 shares of the company’s stock valued at $165,000 after buying an additional 1,036 shares during the last quarter. Finally, United Bank Inc. increased its stake in shares of PNC Financial Services Group by 2.1% in the second quarter. United Bank Inc. now owns 2,624 shares of the company’s stock valued at $214,000 after buying an additional 53 shares during the last quarter. 80.21% of the stock is owned by institutional investors and hedge funds.

PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.42% during mid-day trading on Wednesday, hitting $90.74. 1,889,307 shares of the stock were exchanged. PNC Financial Services Group Inc. has a 52 week low of $77.40 and a 52 week high of $97.50. The company has a market capitalization of $44.59 billion, a PE ratio of 12.52 and a beta of 0.88. The stock’s 50-day moving average is $87.69 and its 200 day moving average is $85.67.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, July 15th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.07. The company 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 business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 EPS. On average, analysts anticipate that PNC Financial Services Group Inc. will post $7.10 EPS for the current year.

Several equities research analysts have commented on the stock. BMO Capital Markets raised shares of PNC Financial Services Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $94.00 to $101.00 in a research note on Monday. They noted that the move was a valuation call. Bank of America Corp. set a $100.00 target price on shares of PNC Financial Services Group and gave the company a “buy” rating in a research note on Wednesday, September 7th. Vetr downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Wednesday, August 31st. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $96.00 target price on shares of PNC Financial Services Group in a research note on Wednesday, August 31st. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of PNC Financial Services Group in a research note on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $96.50.

In related news, Director Daniel Hesse acquired 500 shares of the stock in a transaction dated Thursday, July 21st. The stock was bought at an average price of $82.44 per share, for a total transaction of $41,220.00. Following the purchase, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $90,684. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Hannon sold 33,000 shares of PNC Financial Services Group stock in a transaction 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 of the company’s stock, valued at approximately $7,574,188.77. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by insiders.

PNC Financial Services Group Company Profile

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.

5 Day Chart for NYSE:PNC

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