UBS Asset Management Americas Inc. boosted its stake in PNC Financial Services Group Inc. (NYSE:PNC) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,585,651 shares of the company’s stock after buying an additional 78,493 shares during the period. UBS Asset Management Americas Inc.’s holdings in PNC Financial Services Group were worth $142,852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PNC. Vanguard Group Inc. boosted its position in PNC Financial Services Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,475,705 shares of the company’s stock valued at $2,561,807,000 after buying an additional 320,794 shares in the last quarter. JPMorgan Chase & Co. boosted its position in PNC Financial Services Group by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 11,262,005 shares of the company’s stock valued at $916,614,000 after buying an additional 833,923 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in PNC Financial Services Group by 22.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,709,313 shares of the company’s stock valued at $627,462,000 after buying an additional 1,395,872 shares in the last quarter. American Century Companies Inc. boosted its position in PNC Financial Services Group by 15.6% in the second quarter. American Century Companies Inc. now owns 6,655,625 shares of the company’s stock valued at $541,701,000 after buying an additional 897,284 shares in the last quarter. Finally, FMR LLC boosted its position in PNC Financial Services Group by 17.0% in the second quarter. FMR LLC now owns 5,565,321 shares of the company’s stock valued at $452,961,000 after buying an additional 807,145 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) opened at 109.80 on Tuesday. The stock has a market cap of $53.42 billion, a P/E ratio of 15.27 and a beta of 0.82. The company’s 50-day moving average is $98.79 and its 200 day moving average is $89.39. PNC Financial Services Group Inc. has a 1-year low of $77.40 and a 1-year high of $112.07.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, topping the 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%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $1.90 earnings per share. Equities research analysts anticipate that PNC Financial Services Group Inc. will post $7.16 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 17th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is currently 30.51%.

ILLEGAL ACTIVITY WARNING: “UBS Asset Management Americas Inc. Buys 78,493 Shares of PNC Financial Services Group Inc. (PNC)” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at http://www.dailypolitical.com/2016/11/29/ubs-asset-management-americas-inc-buys-78493-shares-of-pnc-financial-services-group-inc-pnc.html.

Several research analysts have weighed in on PNC shares. Raymond James Financial Inc. upgraded shares of PNC Financial Services Group from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Argus upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.03 to $98.00 in a research report on Monday, October 17th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Tuesday, October 18th. Robert W. Baird restated an “outperform” rating on shares of PNC Financial Services Group in a research report on Thursday, August 4th. Finally, RBC Capital Markets restated a “buy” rating and set a $95.00 target price on shares of PNC Financial Services Group in a research report on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $97.20.

In related news, insider Joseph E. Rockey sold 16,400 shares of the business’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $92.93, for a total transaction of $1,524,052.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William S. Demchak sold 179,809 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 531,755 shares in the company, valued at $57,222,155.55. 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

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNC Financial Services Group Inc. (NYSE:PNC).

Receive News & Ratings for PNC Financial Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.