Stephens Inc. AR lessened its holdings in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,820 shares of the financial services provider’s stock after selling 1,226 shares during the quarter. Stephens Inc. AR’s holdings in PNC Financial Services Group, Inc. (The) were worth $3,749,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PNC. Richard C. Young & CO. LTD. grew its stake in PNC Financial Services Group, Inc. (The) by 2.9% during the 1st quarter. Richard C. Young & CO. LTD. now owns 119,523 shares of the financial services provider’s stock valued at $14,371,000 after acquiring an additional 3,377 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of PNC Financial Services Group, Inc. (The) by 3,223.2% in the 1st quarter. Teacher Retirement System of Texas now owns 169,650 shares of the financial services provider’s stock valued at $20,399,000 after buying an additional 164,545 shares in the last quarter. Pictet North America Advisors SA grew its stake in shares of PNC Financial Services Group, Inc. (The) by 20.2% in the 1st quarter. Pictet North America Advisors SA now owns 9,307 shares of the financial services provider’s stock valued at $1,119,000 after buying an additional 1,564 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of PNC Financial Services Group, Inc. (The) by 3.0% in the 1st quarter. Fifth Third Bancorp now owns 428,269 shares of the financial services provider’s stock valued at $51,495,000 after buying an additional 12,324 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in shares of PNC Financial Services Group, Inc. (The) by 31.6% in the 1st quarter. Chartwell Investment Partners LLC now owns 81,055 shares of the financial services provider’s stock valued at $9,746,000 after buying an additional 19,448 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded up $0.36 during midday trading on Monday, hitting $132.85. The company had a trading volume of 1,108,800 shares, compared to its average volume of 2,222,646. 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 firm has a market capitalization of $63,210.00, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. PNC Financial Services Group, Inc. has a twelve month low of $109.16 and a twelve month high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $1.84 earnings per share. PNC Financial Services Group, Inc. (The)’s revenue was up 7.7% on a year-over-year basis. equities analysts anticipate that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 36.54%.

In other PNC Financial Services Group, Inc. (The) news, insider Karen L. Larrimer sold 3,135 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the sale, the insider now directly owns 20,449 shares in the company, valued at $2,801,104.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $138.85, for a total value of $625,519.25. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock worth $1,729,952 over the last quarter. Company insiders own 0.43% of the company’s stock.

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Several equities research analysts recently commented on the company. J P Morgan Chase & Co boosted their price target on PNC Financial Services Group, Inc. (The) from $139.50 to $140.50 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Tuesday, October 31st. Nomura boosted their target price on PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, UBS AG boosted their target price on PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. Sixteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $135.93.

PNC Financial Services Group, Inc. (The) 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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