Heartland Advisors Inc. boosted its stake in shares of PNC Financial Services Group Inc. (NYSE:PNC) by 16.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,486 shares of the company’s stock after buying an additional 18,861 shares during the period. Heartland Advisors Inc.’s holdings in PNC Financial Services Group were worth $12,116,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Iowa State Bank bought a new stake in shares of PNC Financial Services Group during the second quarter valued at about $114,000. Quadrant Capital Group LLC increased its stake in shares of PNC Financial Services Group by 3.9% in the third quarter. Quadrant Capital Group LLC now owns 1,379 shares of the company’s stock valued at $118,000 after buying an additional 52 shares in the last quarter. Concannon Wealth Management LLC bought a new stake in shares of PNC Financial Services Group during the third quarter valued at about $135,000. 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 in the last quarter. Finally, Enterprise Financial Services Corp increased its stake in shares of PNC Financial Services Group by 5.8% in the second quarter. Enterprise Financial Services Corp now owns 1,797 shares of the company’s stock valued at $146,000 after buying an additional 99 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded down 0.19% during midday trading on Tuesday, hitting $109.59. 1,769,652 shares of the company traded hands. The stock has a market capitalization of $53.32 billion, a PE ratio of 15.24 and a beta of 0.82. PNC Financial Services Group Inc. has a 52 week low of $77.40 and a 52 week high of $112.07. The stock has a 50 day moving average of $98.79 and a 200-day moving average of $89.39.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, October 14th. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.06. The business had revenue of $3.83 billion for the quarter. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 9.04%. PNC Financial Services Group’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Equities analysts forecast that PNC Financial Services Group Inc. will post $7.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 17th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.99%. The ex-dividend date was Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.51%.

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Several brokerages recently commented on PNC. Zacks Investment Research cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. Keefe, Bruyette & Woods cut shares of PNC Financial Services Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. Vetr cut shares of PNC Financial Services Group from a “sell” rating to a “strong sell” rating and set a $95.30 target price for the company. in a report on Tuesday, November 15th. RBC Capital Markets restated a “buy” rating and set a $95.00 target price on shares of PNC Financial Services Group in a report on Thursday, November 3rd. Finally, Barclays PLC restated a “hold” rating and set a $97.00 target price on shares of PNC Financial Services Group in a report on Tuesday, October 11th. Two investment 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. The stock currently has an average rating of “Hold” and an average target price of $97.20.

In other PNC Financial Services Group news, CEO William S. Demchak sold 179,809 shares of the company’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $107.61, for a total transaction of $19,349,246.49. Following the sale, the chief executive officer now directly owns 531,755 shares of the company’s stock, valued at $57,222,155.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph E. Rockey sold 16,400 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $92.93, for a total transaction of $1,524,052.00. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

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.

5 Day Chart for NYSE:PNC

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