Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,430,363 shares of the financial services provider’s stock after selling 67,218 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of PNC Financial Services Group, Inc. (The) worth $192,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PNC. Advantus Capital Management Inc increased its stake in shares of PNC Financial Services Group, Inc. (The) by 0.6% during the first quarter. Advantus Capital Management Inc now owns 48,833 shares of the financial services provider’s stock valued at $5,872,000 after acquiring an additional 282 shares during the period. Teachers Advisors LLC increased its stake in shares of PNC Financial Services Group, Inc. (The) by 8.5% during the first quarter. Teachers Advisors LLC now owns 986,397 shares of the financial services provider’s stock valued at $118,604,000 after acquiring an additional 77,043 shares during the period. TIAA CREF Investment Management LLC grew its position in PNC Financial Services Group, Inc. (The) by 2.9% in the first quarter. TIAA CREF Investment Management LLC now owns 2,844,116 shares of the financial services provider’s stock worth $341,977,000 after buying an additional 78,909 shares during the last quarter. California Public Employees Retirement System grew its position in PNC Financial Services Group, Inc. (The) by 3.8% in the first quarter. California Public Employees Retirement System now owns 1,431,157 shares of the financial services provider’s stock worth $172,082,000 after buying an additional 52,100 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its position in PNC Financial Services Group, Inc. (The) by 0.8% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 33,185 shares of the financial services provider’s stock worth $3,990,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 81.19% of the company’s stock.

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Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Friday, July 28th. Nomura lifted their price target on shares of PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. BidaskClub upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird restated a “buy” rating and issued a $135.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, August 28th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $139.50 price objective (up from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. PNC Financial Services Group, Inc. (The) currently has an average rating of “Hold” and an average target price of $133.99.

In related news, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total value of $625,519.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the sale, the insider now directly owns 20,449 shares in the company, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,640 shares of company stock worth $1,729,952. Insiders own 0.43% of the company’s stock.

Shares of PNC Financial Services Group, Inc. (PNC) traded down $0.23 on Wednesday, reaching $132.00. 2,293,800 shares of the company traded hands, compared to its average volume of 2,233,301. PNC Financial Services Group, Inc. has a 12-month low of $105.47 and a 12-month high of $139.23. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The company has a market cap of $62,915.18, a P/E ratio of 16.15, a PEG ratio of 1.77 and a beta of 0.91.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. equities research analysts forecast that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.27%. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.63%.

PNC Financial Services Group, Inc. (The) Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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