Nomura Asset Management Co. Ltd. grew its position in PNC Financial Services Group Inc (NYSE:PNC) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,013 shares of the financial services provider’s stock after purchasing an additional 4,220 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in PNC Financial Services Group were worth $11,727,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PNC. Green Square Capital LLC increased its position in PNC Financial Services Group by 0.4% in the 1st quarter. Green Square Capital LLC now owns 4,129 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 18 shares during the last quarter. Kimelman & Baird LLC acquired a new position in PNC Financial Services Group in the 1st quarter worth about $9,471,000. Farmers National Bank increased its position in PNC Financial Services Group by 1.1% in the 1st quarter. Farmers National Bank now owns 9,216 shares of the financial services provider’s stock worth $830,000 after purchasing an additional 103 shares during the last quarter. Bank of Nova Scotia increased its position in PNC Financial Services Group by 917.3% in the 1st quarter. Bank of Nova Scotia now owns 111,309 shares of the financial services provider’s stock worth $13,384,000 after purchasing an additional 100,367 shares during the last quarter. Finally, Cambridge Trust Co. increased its position in PNC Financial Services Group by 1.3% in the 1st quarter. Cambridge Trust Co. now owns 404,873 shares of the financial services provider’s stock worth $48,681,000 after purchasing an additional 5,234 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.

PNC has been the topic of several research reports. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Tuesday, September 5th. Robert W. Baird reissued a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group in a report on Monday, August 28th. Piper Jaffray Companies reissued a “buy” rating and set a $134.00 price objective on shares of PNC Financial Services Group in a report on Sunday, August 27th. Royal Bank Of Canada reissued a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Finally, Stephens lowered PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 5th. They noted that the move was a valuation call. Sixteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $136.13.

PNC Financial Services Group Inc (NYSE PNC) traded down $1.41 on Wednesday, reaching $142.43. The company’s stock had a trading volume of 1,604,300 shares, compared to its average volume of 2,199,879. The firm has a market cap of $68,439.23, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. PNC Financial Services Group Inc has a 12-month low of $110.84 and a 12-month high of $145.66.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 EPS. equities research analysts expect that PNC Financial Services Group Inc will post 8.44 EPS for the current year.

In other PNC Financial Services Group news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $140.98, for a total value of $704,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider E William Parsley III sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $138.68, for a total value of $3,467,000.00. The disclosure for this sale can be found here. Insiders sold a total of 42,640 shares of company stock worth $5,901,852 in the last ninety days. Insiders own 0.43% of the company’s stock.

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PNC Financial Services Group 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 (NYSE:PNC)

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